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The following balances are related to XYX LLC. Bank Balance 16,000 Purchases 195000 Return Inwards 4,000 Direct Wages 18000 Sales 425,000Carriage Inwards 35000 Rent Received 20,100 Return Outwards 15,600 office Expense 16000 Interest Revenue Office Rent 19,500 15,000 office Equipment Maintenance 6000 Salesman Salary 4,200 Sales Promotion Expense 4500 Internet Charges Opening Stock Office Insurance Expense6,500 Dividend Income 800 Advertising Expense 18000 85000 18200 Commission Income 20400 Closing Stock 55,000

The following balances are related to XYX LLC. Bank Balance 16,000 Purchases 195000 Return Inwards 4,000 Direct Wages 18000 Sales 425,000Carriage Inwards 35000 Rent Received 20,100 Return Outwards 15,600 office Expense 16000 Interest Revenue Office Rent 19,500 15,000 office Equipment Maintenance 6000 Salesman Salary 4,200 Sales Promotion Expense 4500 Internet Charges Opening Stock Office Insurance Expense6,500 Dividend Income 800 Advertising Expense 18000 85000 18200 Commission Income 20400 Closing Stock 55,000

FINANCIAL ACCOUNTING
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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Question

 What will be the total Selling and distribution expense?

a.

All the options are wrong 

b.

60700

c.

26700

d.

47800

e.

48500

The following balances are related to XYX LLC. Bank Balance Return Inwards Sales 16,000 Purchases 195000 4,000 Direct Wages 18000 425,000 Carriage Inwards 35000 Rent Received 20,100 Return Outwards 16000 Interest Revenue 15,600 office Expense 15,000 office Equipment Maintenance 19,500 Office Rent 6000 4,200 Sales Promotion Expense Salesman Salary 4500 Internet Charges Opening Stock Office Insurance Expense6,500 800 Advertising Expense 18000 85000 Dividend Income 18200 Commission Income 20400 Closing Stock 55,000
Transcribed Image Text:The following balances are related to XYX LLC. Bank Balance Return Inwards Sales 16,000 Purchases 195000 4,000 Direct Wages 18000 425,000 Carriage Inwards 35000 Rent Received 20,100 Return Outwards 16000 Interest Revenue 15,600 office Expense 15,000 office Equipment Maintenance 19,500 Office Rent 6000 4,200 Sales Promotion Expense Salesman Salary 4500 Internet Charges Opening Stock Office Insurance Expense6,500 800 Advertising Expense 18000 85000 Dividend Income 18200 Commission Income 20400 Closing Stock 55,000
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