Page 126 COMPREHENSIVE PROBLEM 2 (CHAPTERS 2, 5-8) ACCOUNT TITLES DEBIT CREDIT Cost of Goods Sold 3 308 900 41,200 80 400 13,820 375 220 Depreciation Expense Dividends (Declared) Freight Out Expense Furniture&Fixtures Gain on Sale of Furniture Goodwill Income Tax Expense Income Taxes Payable Insurance Expense Interest Expense Interest Revenue Interest Payable 24,600 346,000 107 560 76,000 89,730 91,920 36,480 35,000 Inventory Land Long-Term Investment in Tropical Flowers Stock 445,800 432,000 248,000