Question: Presented below are the balances from Elsie's Electronics Ltd.'s general ledger as at September 30, 2020: DRCR Cash30,000Accounts receivable31,000Inventory67,000 Equipment 328,000 Accumulated depreciation, equipment160,000Accounts payable104,000Bank

Presented below are the balances from Elsie's Electronics Ltd.'s general ledger as at September 30, 2020:

DRCRCash30,000Accounts receivable31,000Inventory67,000

Equipment

328,000

Accumulated depreciation, equipment160,000Accounts payable104,000Bank loan payable69,000Unearned revenue18,000Common shares10,000Retained earnings72,000Dividends declared18,000Sales revenue493,000Interest revenue2,000Cost of goods sold

321,000Wages expense62,000Rent expense26,000Depreciation expense45,000

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