Question: Please send with complete solution, thank you! The adjusted trial balance at the end of the current year distribution Problem 6-8 (AICPA Adapted) Parker Company
The adjusted trial balance at the end of the current year distribution Problem 6-8 (AICPA Adapted) Parker Company reported operating expenses as and general or administrative. 1.450,000 1.500.000 750,000 600,000 300,000 2,250,000 300,000 1,800,000 1,400,000 included the following expense accounts Accounting and legal fece Advertising Freight out Interest Loss on sale of long-term investment Officers'salaries Property taxes and insurance Rent for office space Sales salaries and commissions One-half of the rented premises is occupied by the sales department. What total amount should be included in distribution expenses for the current year? a. 6,000,000 b. 3,650,000 e. 1,550,000 d. 4,900,000 Problem 6-9 (AICPA Adapted) Grim Company incurred the following costs during the current year: Property taxes 250,000 Freight in 1,750,000 Doubtful accounts 1,600,000 Officers' salaries Insurance 1,500,000 Sales representative salaries 850,000 Interest on inventory loan 2,150,000 Rescarch and development expensc 500,000 1,000,000 What amount of these costs should be reported as administrative expenses? a. 2,600,000 b. 3,350,000 c. 5,200,000 d. 4,200,000
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