Oriole Company reported total operating expenses of $48,400 on its adjusted trial balance for the year...
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Oriole Company reported total operating expenses of $48,400 on its adjusted trial balance for the year ended November 30, 2024. After the preliminary statements were prepared, the accountant became aware of the following situations: 1. 2. The physical inventory count revealed that merchandise inventory costing $3,520 was damaged and needed to be scrapped. Sales staff were owed $2,200 of sales commissions relating to November sales. The sales commissions were paid in December. Calculate the total operating expenses that should be reported in the November 30, 2024, income statement. Total operating expenses tA Oriole Company reported total operating expenses of $48,400 on its adjusted trial balance for the year ended November 30, 2024. After the preliminary statements were prepared, the accountant became aware of the following situations: 1. 2. The physical inventory count revealed that merchandise inventory costing $3,520 was damaged and needed to be scrapped. Sales staff were owed $2,200 of sales commissions relating to November sales. The sales commissions were paid in December. Calculate the total operating expenses that should be reported in the November 30, 2024, income statement. Total operating expenses tA
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Related Book For
Entrepreneurial Finance
ISBN: 978-0538478151
4th edition
Authors: J . chris leach, Ronald w. melicher
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