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Problem 4-04 (Part Level Submission)
The following account balances were included in the trial
balance of Sheridan Corporation at June 30, 2020.
Sales revenue
$1,595,060
Depreciation expense (office furniture and equipment)
$7,879
Sales discounts
31,950
Property tax expense
7,245
Cost of goods sold
902,000
Bad debt expense (selling)
5,241
Salaries and wages expense (sales)
57,640
Maintenance and repairs expense (administration)
8,605
Sales commissions
99,290
Office expense
5,490
Travel expense (salespersons)
35,300
Sales returns and allowances
57,733
Delivery expense
21,900
Dividends...
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Problem 4-04 (Part Level Submission) The following account balances were included in the trial balance of Crane Corporation at June 30, 2020. $7,753 6,742 5,200 9,307 Sales revenue Sales discounts Cost of goods sold Salaries and wages expense (sales) Sales commissions Travel expense (salespersons) Delivery expense Entertainment expense Telephone and Internet expense (sales) Depreciation expense (sales equipment) Maintenance and repairs expense (sales) Miscellaneous selling expenses Office supplies used Telephone and Internet expense (administration) $1,591,960 32,520 902.000 58,270 98,190 37,800 22,560...
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Problem 4-4 (Part Level Submission) The following account balances were included in the trial balance of Marin Corporation at June 30, 2017. Sales revenue $1,593,520 Depreciation expense (office furniture and equipment) Sales discounts 32,700 Property tax expense Cost of goods sold 901,800 Bad debt expense (selling) Salaries and wages expense (sales) 56,930 Maintenance and repairs expense (administration) Sales commissions 99,240 Office expense Travel expense (salespersons) 30,000 Sales returns and allowances Delivery expense 22,810 Dividends received Entertainment expense 14,950 Interest expense...
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JRCES 4 1 Study Problem 4-04 (Part Level Submission) The following account balances were included in the trial balance of Swifty Corporation at June 30, 2020. Sales revenue $1,590,740 Depreciation expense (office furniture and equipment) $6,648 Sales discounts 32,570 Property tax expense 7,291 Cost of goods sold 899,700 Bad debt expense (selling) 4,393 Salaries and wages expense (sales) 57,350 Maintenance and repairs expense (administration) 9,659 Sales commissions 98,130 Office expense 5,460 Travel expense (salespersons) 34,600 Sales returns and allowances 68,403...
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Problem 4-04 (Part Level Submission)
The following account balances were included in the trial
balance of Marigold Corporation at June 30, 2020.
Sales revenue$1,596,300Depreciation expense (office furniture
and equipment)$7,344Sales discounts31,740Property tax
expense7,894Cost of goods sold903,200Bad debt expense
(selling)4,535Salaries and wages expense (sales)56,530Maintenance
and repairs expense (administration)8,321Sales
commissions98,230Office expense5,500Travel expense
(salespersons)34,200Sales returns and allowances59,395Delivery
expense22,230Dividends received39,690Entertainment
expense15,060Interest expense18,440Telephone and Internet expense
(sales)9,070Income tax expense109,350Depreciation expense (sales
equipment)5,091Depreciation understatement due to error—2017 (net
of tax)19,103Maintenance and repairs expense (sales)5,949Dividends
declared on preferred...
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Problem 4-04 The following account balances were included in the trial balance of Swifty Corporation at June 30, 2020. Sales revenue Sales discounts Cost of goods sold Salaries and wages expense (sales) Sales commissions Travel expense (salespersons) Delivery expense Entertainment expense Telephone and Internet expense (sales) Depreciation expense (sales equipment) Maintenance and repairs expense (sales) Miscellaneous selling expenses Office supplies used Telephone and Internet expense (administration) $1,590,740 32,570 899,700 57,350 98,130 34,600 22,690 14,980 9,100 5,289 5,707 4,898 3,373 2,560...
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Question 5 The following account balances were included in the trial balance of Vaughn Corporation at June 30, 2017. Sales revenue Sales discounts Cost of goods sold Salaries and wages expense (sales) Sales commissions Travel expense (salespersons) Delivery expense Entertainment expense Telephone and Intenet expense (sales) Depreciation expense (sales equipment) Maintenance and repairs expense (sales) Miscellaneous selling expenses Office supplies used Telephone and Internet expense (administration) $1,595,870 Depreciation expense (office furniture and equipment) 3,040Property tax expense 897,600 Bad debt expense...
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4.980 P4-4 (L03,4,5,6) (Multiple- and Single-Step Statements, Retained Earnings Statement) The following account balances were included in the trial balance of Twain Corporation at June 30, 2017 Sales revenue $1,578,500 Deprecajon expense (office Sales discounts 31,150 furnite and equipment) Cost of goods sold 896,770 Property tax expenses Salaries and wages expense (sales) 56,260 Bad debt expense (selling 4,850 Sales commissions 97,600 Maintenance and repair Travel expense (salespersons) 28,930 expense (administration Delivery expense 21400 Office expense Entertainment expense 14,820 Sales returns...
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Income Statement and #1. Mutti-step Retained Earry statement. were included in the trial balance of Twain Corporation at June 30, 5019 The following account balances Sales revenue $1,578,500 Depreciation expense (office Sales discounts 31,150 furniture and equipment) Cost of goods sold $ 7,250 896,770 Property tax expense 7,320 Salaries and wages expense (sales) 56,260 Bad debt expense (selling) 4,850 Sales commissions 97,600 Maintenance and repairs Travel expense (salespersons) 28,930 expense administration) 9,130 Delivery expense 21.400 Office expense 6,000 Entertainment expense...
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Skysong Corporation at June 30, 2020 goods sold missions $1,591,380 31,400 897,600 and wages expense (sales) 56,910 99,340 expense (salespersons) 31,300 22,560 ertainment expense 14,840 Telephone and Internet expense (sales) 9,120 Depreciation expense (sales equipment) 5,092 Maintenance and repairs expense (sales) 5,655 Miscellaneous selling expenses 4,254 Office supplies used 3,722 Telephone and Internet expense (administration) 2,677 The Retained Earnings account had a balance of $335,100 at July Depreciation expense (office furniture and equipment) Property tax expense Bad debt expense (selling)...
Problem 4-04 (Part Level Submission) The following account balances were included in the trial balance of Crane Corporation at June 30, 2020. $7,753 6,742 5,200 9,307 Sales revenue Sales discounts Cost of goods sold Salaries and wages expense (sales) Sales commissions Travel expense (salespersons) Delivery expense Entertainment expense Telephone and Internet expense (sales) Depreciation expense (sales equipment) Maintenance and repairs expense (sales) Miscellaneous selling expenses Office supplies used Telephone and Internet expense (administration) $1,591,960 32,520 902.000 58,270 98,190 37,800 22,560...
Problem 4-4 (Part Level Submission) The following account balances were included in the trial balance of Marin Corporation at June 30, 2017. Sales revenue $1,593,520 Depreciation expense (office furniture and equipment) Sales discounts 32,700 Property tax expense Cost of goods sold 901,800 Bad debt expense (selling) Salaries and wages expense (sales) 56,930 Maintenance and repairs expense (administration) Sales commissions 99,240 Office expense Travel expense (salespersons) 30,000 Sales returns and allowances Delivery expense 22,810 Dividends received Entertainment expense 14,950 Interest expense...
JRCES 4 1 Study Problem 4-04 (Part Level Submission) The following account balances were included in the trial balance of Swifty Corporation at June 30, 2020. Sales revenue $1,590,740 Depreciation expense (office furniture and equipment) $6,648 Sales discounts 32,570 Property tax expense 7,291 Cost of goods sold 899,700 Bad debt expense (selling) 4,393 Salaries and wages expense (sales) 57,350 Maintenance and repairs expense (administration) 9,659 Sales commissions 98,130 Office expense 5,460 Travel expense (salespersons) 34,600 Sales returns and allowances 68,403...
Problem 4-04 (Part Level Submission)
The following account balances were included in the trial
balance of Marigold Corporation at June 30, 2020.
Sales revenue$1,596,300Depreciation expense (office furniture
and equipment)$7,344Sales discounts31,740Property tax
expense7,894Cost of goods sold903,200Bad debt expense
(selling)4,535Salaries and wages expense (sales)56,530Maintenance
and repairs expense (administration)8,321Sales
commissions98,230Office expense5,500Travel expense
(salespersons)34,200Sales returns and allowances59,395Delivery
expense22,230Dividends received39,690Entertainment
expense15,060Interest expense18,440Telephone and Internet expense
(sales)9,070Income tax expense109,350Depreciation expense (sales
equipment)5,091Depreciation understatement due to error—2017 (net
of tax)19,103Maintenance and repairs expense (sales)5,949Dividends
declared on preferred...
Problem 4-04 The following account balances were included in the trial balance of Swifty Corporation at June 30, 2020. Sales revenue Sales discounts Cost of goods sold Salaries and wages expense (sales) Sales commissions Travel expense (salespersons) Delivery expense Entertainment expense Telephone and Internet expense (sales) Depreciation expense (sales equipment) Maintenance and repairs expense (sales) Miscellaneous selling expenses Office supplies used Telephone and Internet expense (administration) $1,590,740 32,570 899,700 57,350 98,130 34,600 22,690 14,980 9,100 5,289 5,707 4,898 3,373 2,560...
Question 5 The following account balances were included in the trial balance of Vaughn Corporation at June 30, 2017. Sales revenue Sales discounts Cost of goods sold Salaries and wages expense (sales) Sales commissions Travel expense (salespersons) Delivery expense Entertainment expense Telephone and Intenet expense (sales) Depreciation expense (sales equipment) Maintenance and repairs expense (sales) Miscellaneous selling expenses Office supplies used Telephone and Internet expense (administration) $1,595,870 Depreciation expense (office furniture and equipment) 3,040Property tax expense 897,600 Bad debt expense...
4.980 P4-4 (L03,4,5,6) (Multiple- and Single-Step Statements, Retained Earnings Statement) The following account balances were included in the trial balance of Twain Corporation at June 30, 2017 Sales revenue $1,578,500 Deprecajon expense (office Sales discounts 31,150 furnite and equipment) Cost of goods sold 896,770 Property tax expenses Salaries and wages expense (sales) 56,260 Bad debt expense (selling 4,850 Sales commissions 97,600 Maintenance and repair Travel expense (salespersons) 28,930 expense (administration Delivery expense 21400 Office expense Entertainment expense 14,820 Sales returns...
Income Statement and #1. Mutti-step Retained Earry statement. were included in the trial balance of Twain Corporation at June 30, 5019 The following account balances Sales revenue $1,578,500 Depreciation expense (office Sales discounts 31,150 furniture and equipment) Cost of goods sold $ 7,250 896,770 Property tax expense 7,320 Salaries and wages expense (sales) 56,260 Bad debt expense (selling) 4,850 Sales commissions 97,600 Maintenance and repairs Travel expense (salespersons) 28,930 expense administration) 9,130 Delivery expense 21.400 Office expense 6,000 Entertainment expense...
Skysong Corporation at June 30, 2020 goods sold missions $1,591,380 31,400 897,600 and wages expense (sales) 56,910 99,340 expense (salespersons) 31,300 22,560 ertainment expense 14,840 Telephone and Internet expense (sales) 9,120 Depreciation expense (sales equipment) 5,092 Maintenance and repairs expense (sales) 5,655 Miscellaneous selling expenses 4,254 Office supplies used 3,722 Telephone and Internet expense (administration) 2,677 The Retained Earnings account had a balance of $335,100 at July Depreciation expense (office furniture and equipment) Property tax expense Bad debt expense (selling)...