Accounts Receivable Accumulated Depr-Equipment Cash Common Stock Cost of Goods Sold Dividends Freight Out Equipment Depreciation Expense Insurance Expense 30,300 35,000 26,000 40,200 509,000 10,500 5,000 146,500 30,300 Notes payable 46,000 26,000 40,200 509,000 10,500 5,000 146,500 11,000 7,100 Prepaid Insurance Property Tax Expense Property Taxes Payable Rent Expense Retained Earnings Salaries and Wages Expense Sales Commissions Expense Sales Commissions Payable Sales Returns and Allowances 36,500 10,500 17,000 61,700 94,900 6,500 7.800 36,500 3,400 2,500 2,500 17,000 61,700 94,900 11,000 4,500 7.800

Accounts Receivable Accumulated Depr-Equipment Cash Common Stock Cost of Goods Sold Dividends Freight Out Equipment Depreciation Expense Insurance Expense 30,300 35,000 26,000 40,200 509,000 10,500 5,000 146,500 30,300 Notes payable 46,000 26,000 40,200 509,000 10,500 5,000 146,500 11,000 7,100 Prepaid Insurance Property Tax Expense Property Taxes Payable Rent Expense Retained Earnings Salaries and Wages Expense Sales Commissions Expense Sales Commissions Payable Sales Returns and Allowances 36,500 10,500 17,000 61,700 94,900 6,500 7.800 36,500 3,400 2,500 2,500 17,000 61,700 94,900 11,000 4,500 7.800

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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