The following list of accounts is from the adjusted trial balance for Monty Corporation: Accounts payable Accounts receivable Accumulated depreciation-buildings Accumulated depreciation-equipment Advertising expenses Buildings Cash Common shares Cost of goods sold Deferred revenue Depreciation expense $128,640 179,520 94,080 217,920 107,520 410.880 68.160 220,800 1.069.440 30.720 180.480 Equipment Income tax expense Insurance expense Inventory $907,200 58,560 112,320 222,720 Land 1,056,000 Loan payable (due in 2 years) 1,872,000 Prepaid expenses 27,840 Property tax payable 17,280 Refund liability Salaries expense Salaries payable Sales 20,160 744.960 24.960 2.519,040

The following list of accounts is from the adjusted trial balance for Monty Corporation: Accounts payable Accounts receivable Accumulated depreciation-buildings Accumulated depreciation-equipment Advertising expenses Buildings Cash Common shares Cost of goods sold Deferred revenue Depreciation expense $128,640 179,520 94,080 217,920 107,520 410.880 68.160 220,800 1.069.440 30.720 180.480 Equipment Income tax expense Insurance expense Inventory $907,200 58,560 112,320 222,720 Land 1,056,000 Loan payable (due in 2 years) 1,872,000 Prepaid expenses 27,840 Property tax payable 17,280 Refund liability Salaries expense Salaries payable Sales 20,160 744.960 24.960 2.519,040

Name: The following list of accounts is from the adjusted trial balance for
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Description: The following list of accounts is from the adjusted trial balance for Monty Corporation:Accounts payableAccounts receivableAccumulated depreciation-buildingsAccumulated depreciation-equipmentAdvertising expensesBuildingsCashommon sharesCost of goods

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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