Question: Please see the attached document for the questions.th On December 31, 2019, the Income Statement section of the worksheet for Capeletti Distributors contained the following

On December 31, 2019, the Income Statement section of the worksheet forCapeletti Distributors contained the following information. 135, aea Section Income Summary SalesSales Returns and Allowances Sales Discounts Interest Inccvme Purchases Freight In PurchasesReturns and Purchases Discounts Rent Expense utilities Expense Telephone Expense Salaries ExpensePayroll Taxes Expense Supplies Expense Depreciation Expense Interest Expense Totals Allowances $39,2aa $ 42,5aa 257,5aa 4, 2aa 2, saa 2,300 1, 59a 8

Please see the attached document for the questions.th

, sae 1,6aa 66, 7aa 5,33a 1, 76a $274, 48a $ 3e4,egaAssume further that the owner of the firm is John Capeletti andthat the John Capeletti, Drawing account had a balance of $26,500 onDecember 31, 2019.image text in transcribedimage text in transcribed

On December 31, 2019, the Income Statement section of the worksheet for Capeletti Distributors contained the following information. 135, aea Section Income Summary Sales Sales Returns and Allowances Sales Discounts Interest Inccvme Purchases Freight In Purchases Returns and Purchases Discounts Rent Expense utilities Expense Telephone Expense Salaries Expense Payroll Taxes Expense Supplies Expense Depreciation Expense Interest Expense Totals Allowances $ 39,2aa $ 42,5aa 257,5aa 4, 2aa 2, saa 2,300 1, 59a 8 , sae 1,6aa 66, 7aa 5,33a 1, 76a $274, 48a $ 3e4,ega Assume further that the owner of the firm is John Capeletti and that the John Capeletti, Drawing account had a balance of $26,500 on December 31, 2019.

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