Question: Hello, I need help with finishing this problem. It says I have lines 10 and 11 wrong. Instructions On October 31, 2016, the balances of
Hello, I need help with finishing this problem. It says I have lines 10 and 11 wrong.
Instructions On October 31, 2016, the balances of the accounts appearing in the ledger of Prestige Furnishings Company, a furniture wholesaler, are as follows:| Accumulated Depreciation-Building | $742,600 |
| Administrative Expenses | 515,600 |
| Building | 2,552,350 |
| Cash | 170,400 |
| Common Stock | 295,050 |
| Cost of Merchandise Sold | 3,903,350 |
| Dividends | 167,900 |
| Interest Expense | 10,200 |
| Merchandise Inventory | 1,000,900 |
| Notes Payable | 254,900 |
| Office Supplies | 20,350 |
| Retained Earnings | 1,315,950 |
| Salaries Payable | 8,050 |
| Sales | 6,618,600 |
| Selling Expenses | 706,050 |
| Store Supplies | 86,700 |
| Prestige Furnishings Company |
| Income Statement |
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