Question: The following account balances are extracted from the books of Ryan for the year ended 31 January 2023: 10% loan Discount received Shop insurance

The following account balances are extracted from the books of Ryan for the year ended 31 January 2023 : nWhat is the amount

The following account balances are extracted from the books of Ryan for the year ended 31 January 2023: 10% loan Discount received Shop insurance Office rent] Salesmen's salaries and commission Interest on loan Advertising expense Salaries of office staff O $97,100 $ 100,000 What is the amount of selling and distribution expense for the year ended 31 January 2023? $99,800 $99,200 $97,500 4,300 19,200 56,000 67,000 14,900 13,000 49,420

Step by Step Solution

★★★★★

3.40 Rating (156 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Selling and distribution expenses also known as sales a... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Problem 4. By observing and using the information reported in the following screen output answer the following questions by writing them in the box provided. Let ' 1 ' and ' 2 ' be methane and...

The following account balances are taken from Sherwood Ltds adjusted trial balance at June 30, 2016: Required: a. Prepare a single-step statement of income for the year ended June 30, 2016. b....

The following account balances for the year ended 30th June 2013, relate to Endeavour Enterprises. Wages and salaries .............................................$ 88 000 Debtors...

The following account balances are taken from the records of Monets Garden Inc.: Current liabilities ........... $150,000 Long-term liabilities ......... 375,000 Stockholders equity ......... 400,000...

Use the following information to answer questions 19 to 30. Alicia and Carey are friends who are passionate about baking. They decided to go into a partnership trading as Florick and Argos Bakery...

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION The definitions and interpretations commencing on page 4 of this Circular have been used in this front cover. If you are in any doubt...

Question:- KPMG Taseer Hadi & Co. as the Auditors of the Company for the year 2019, subject to Shareholders' approval at the next AGM to be held on April 09, 2019. Holding Company Through its wholly...

LONG-LIVED ASSETS Refer to the notes to the financial statements.The first note, "Summary of Significant Accounting Policies," should provide information about the company's depreciation and...

I need help with the following Return to question 7 The general ledger of Jackrabbit Rentals at January 1, 2021, Includes the following account balances: Accounts Debits $ 53, 508 Credits 2.5 Cash...

A 110kg machine is mounted on a foundation having a stiffness of 2x106 N/m and known to have damping. When operating at 150rad/sec the machine is subject to a harmonic force of magnitude 1500N. The...

The following are extracted from the Cash Book of Pfozer and its Bank Statement (received from Sinivac Bank) for the month of January 2020: January 1 8 8 11 11 11 15 15 22 26 26 29 29 29 31 Cash at...

Which item is an example of pure risk? a . Death at age 4 3 from cardiac arrest. b . Purchase of a new house. c . Purchase of a futures contract. d . Failure to meet a benchmark.

value of integral dx . x2+9 (In1 - In9) O 1/2 (In1 - In9) O 1/2 (In10 - In9) O (In10 - In9) O

For the reaction 2HBr(g) + C2(g) 2HCI(g) + Br2(g) AH - -81.1 kJ and AS =-1.2 J/K The maximum amount of work that could be done when 2.27 moles of HBr(g) react at 259 K, 1 atm is kJ. Assume that AH...

55. The angle of a triangle ABC ure in an arithmetic progression. The larger sides a. b satisfy the ) only 1 3) both I and II 2) only II 4) neither I nor I relation 64. Dif cosa+ 2oosB+conC=2 then a,...

Explain the difference between Aggressiveness and Assertiveness in sales. Provide an example of a statement representing aggressiveness and one statement demonstrating assertiveness on the part of...

4 A cube of ice has sides of length 5 cm . As it melts, its volume decreases by 15% each minute. c How long will it take for the volume of the block of ice to reduce to 50cm^(3)?

Are variable costs always relevant? Explain.

Mickley Corporation produces two products, Alpha6s and Zeta7s, which pass through two operations, Sintering and Finishing. Each of the products uses two raw materials, X442 and Y661. The company uses...

Miller Toy Company manufactures a plastic swimming pool at its Westwood Plant. The plant has been experiencing problems as shown by its June contribution format income statement below:

Nike ONE Black is one of the golf balls Nike, Inc., produces. It must meet the specifications of the United States Golf Association (USGA). The USGA mandates that the diameter of the ball shall not...

A recent article in The Washington Post Weekly Edition indicated that about 80% of the estimated $200 billion of federal housing subsidies consists of tax breaks (mainly deductions for mortgage...

Pfizer, Inc., a major U.S. pharmaceutical company, is developing a new drug aimed at reducing the pain associated with migraine headaches. Two drugs are currently under development. One consideration...