The following selected accounts and their current balances appear in the ledger of Kanpur Co. for the fiscal year ende 30, 20Y5: Cash $114,800 Gerri Faber, Drawing $68,700 Accounts Receivable 299,600 Sales 4,149,200 Merchandise Inventory 348,850 Cost of Merchandise Sold 2,431,500 Office Supplies 10,800 Sales Salaries Expense 683,700 Prepaid Insurance 8,400 Advertising Expense 188,000 Office Equipment 252,600 Depreciation Expense-Store Equipment 36,600 Accumulated Depreciation-Office Equipment 171,600 Miscellaneous Selling Expense 16,000 Store Equipment 788,400 Office Salaries Expense 373,300 Accumulated Depreciation-Store Equipment 252,600 Rent Expense 55,100
The following selected accounts and their current balances appear in the ledger of Kanpur Co. for the fiscal year ende 30, 20Y5: Cash $114,800 Gerri Faber, Drawing $68,700 Accounts Receivable 299,600 Sales 4,149,200 Merchandise Inventory 348,850 Cost of Merchandise Sold 2,431,500 Office Supplies 10,800 Sales Salaries Expense 683,700 Prepaid Insurance 8,400 Advertising Expense 188,000 Office Equipment 252,600 Depreciation Expense-Store Equipment 36,600 Accumulated Depreciation-Office Equipment 171,600 Miscellaneous Selling Expense 16,000 Store Equipment 788,400 Office Salaries Expense 373,300 Accumulated Depreciation-Store Equipment 252,600 Rent Expense 55,100
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter11: Work Sheet And Adjusting Entries
Section: Chapter Questions
Problem 4PB: The accounts and their balances in the ledger of Markeys Mountain Shop as of December 31, the end of...
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