Advertising expense balance | 153241 |
Less: Cost of printing catalogs in January 20x2 | -16319 |
Add: Radio advertisement broadcast | 9107 |
Advertising expense for the year ended December 31,20x1 | 146029 |
Option D $146029 is correct |
Clark Co.'s advertising expense account had a balance of $153241 at December 31, 20x1, before any...
The balance in Galaxy Co.'s accounts payable account at December 31, 2015 was $700,000 before any necessary year-end adjustments relating to the following: Goods were in transit to Galaxy from a vendor on December 31, 2015. The invoice cost was $40,000. The goods were shipped f.o.b. shipping point on December 29, 2015 and were received on January 4, 2016. Goods shipped f.o.b. destination on December 21, 2015 from a vendor to Galaxy were received on January 6, 2016. The invoice...
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