Time Remaining $39$ minutes $54$ seconds

$00$:$39$:$54$

Item$11$

Time Remaining $39$ minutes $54$ seconds

$00$:$39$:$54$

The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory amounted to $$58,175$ on January $1,20$X$1,$ and $$51,125$ on December $31,20$X$1.$ The expense accounts numbered $611$ through $617$ represent selling expenses, and those numbered $631$ through $646$ represent general and administrative expenses.

Accounts$401$ Sales$ $244,400$Credit$451$ Sales Returns and Allowances$4,190$Debit$491$ Miscellaneous Income$240$Credit$501$ Purchases$102,000$Debit$502$ Freight In$1,815$Debit$503$ Purchases Returns and Allowances$3,440$Credit$504$ Purchases Discounts$1,640$Credit$611$ Salaries Expense$$Sales$43,700$Debit$614$ Store Supplies Expense$2,150$Debit$617$ Depreciation Expense$$Store Equipment$1,350$Debit$631$ Rent Expense$11,900$Debit$634$ Utilities Expense$2,840$Debit$637$ Salaries Expense$$Office$19,500$Debit$640$ Payroll Taxes Expense$4,400$Debit$643$ Depreciation Expense$$Office Equipment$410$Debit$646$ Uncollectible Accounts Expense$560$Debit$691$ Interest Expense$420$Debit

The worksheet of Bridget's Office Supplies contains the following owner$$s equity accounts.

Accounts$301$ Bridget Swanson, Capital$ $62,160$Credit$302$ Bridget Swanson, Drawing$41,000$Debit

Net income for the year $$47,435.$

The worksheet of Bridget's Office Supplies contains the following asset and liability accounts. The balance of the Notes Payableaccount consists of notes that are due within a year.

Accounts$101$ Cash$ $11,205$Debit$107$ Change Fund$340$Debit$111$ Accounts Receivable$4,980$Debit$112$ Allowance for Doubtful Accounts$700$Credit$121$ Merchandise Inventory$51,125$Debit$131$ Store Supplies$940$Debit$133$ Prepaid Interest$50$Debit$144$ Store Equipment$9,600$Debit$142$ Accumulated Depreciation$$Store Equipment$1,020$Credit$151$ Office Equipment$3,080$Debit$152$ Accumulated Depreciation$$Office Equipment$340$Credit$201$ Notes Payable$5,340$Credit$203$ Accounts Payable$3,565$Credit$216$ Interest Payable$30$Credit$231$ Sales Tax Payable$1,730$Credit