The following is a listing of some of the balance sheet accounts and all of the income
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Question:
The following is a listing of some of the balance sheet accounts and all of the income statement accounts for Northview Company as they appear on the company’s adjusted trial balance.
Accounts Payable | $16,000 |
---|---|
Accounts Receivable | 28,000 |
Inventory | 23,400 |
Advertising Expense | 20,500 |
Cost of Goods Sold | 157,000 |
Delivery Expense | 7,700 |
Income Tax Expense | 2,000 |
Insurance Expense | 1,000 |
Rent Expense | 18,800 |
Sales Revenue | 330,000 |
Sales Discounts | 9,300 |
Sales Returns & Allowances | 44,500 |
Net sales would be:
Related Book For
Accounting Principles Volume 1
ISBN: 978-1119502425
8th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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