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The following are selected ledger accounts of Sunland Corporation at December 31, 2020. Cash Inventory Sales revenue Unearned sales revenue Purchases Sales discounts Purchase discounts Selling expenses Accounting and legal services Insurance expense (office) Advertising expense Delivery expense Depreciation expense (office equipment) Depreciation expense (sales equipment) $210.900 609,900 4,873,500 133,380 3,176,040 38,760 30,780 78,660 37,620 27,360 61,560 106,020 54.720 41,040 Salaries and wages expense (sales) Salaries and wages expense (office) Purchase returns Sales returns and allowances Freight-in Accounts receivable Sales...
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The following are selected ledger accounts of Concord Corporation at December 31, 2020. Cash $181,300 Inventory 524,300 Sales revenue 4,189,500 Unearned sales revenue 114,660 Purchases 2,730,280 Sales discounts 33,320 Purchase discounts 26,460 Selling expenses 67,620 Accounting and legal services 32,340 23,520 Insurance expense (office) Advertising expense 52,920 Delivery expense 91,140 Depreciation expense (office equipment) 47,040 35,280 Depreciation expense (sales equipment) Salaries and wages expense (sales) Salaries and wages expense (office) Purchase returns Sales returns and allowances Freight-in Accounts receivable Sales...
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The following are selected ledger accounts of Bonita Corporation at December 31, 2020. Cash $196,100 Salaries and wages expense (sales) $301,040 Inventory 567,100 Salaries and wages expense (office) 366,760 Sales revenue 4,531,500 Purchase returns 15,900 Uneamed sales revenue 124,020 Sales returns and allowances 83,740 Purchases 2,953,160 Freight-in 76,320 Sales discounts 36,040 Accounts receivable 151,050 Purchase discounts 28,620 Sales commissions 87,980 Selling expenses 73,140 Telephone and Internet expense (sales) 18,020 Accounting and legal services 34,980 Utilities expense (office) 33,920 Insurance expense...
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Prepare a Condensed Income Statement
View Policies Current Attempt in Progress The following are selected ledger accounts of Blue Corporation at December 31, 2020. Cash Inventory Sales revenue Unearned sales revenue Purchases Sales discounts Purchase discounts Selling expenses Accounting and legal services Insurance expense (office) Advertising expense Delivery expense Depreciation expense (office equipment) Depreciation expense (sales equipment) $244,200 706,200 5,643,000 154,440 3,677,520 44,880 35,640 91,080 43,560 31,680 71,280 122,760 63,360 47,520 Salaries and wages expense (sales) Salaries and wages expense...
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The following selected accounts from the Blue Door Corporation's general ledger are presented below for the year ended December 31, 2022 Advertising expense $55,000 Interest revenue Common stock 250,000 Inventory $ 30,000 67.000 24,000 Cost of goods sold 1,085,000 Rent revenue Depreciation expense 125,000 Retained earnings 535,000 Dividends 150,000 Salaries and wages expense 675,000 8,500 Freight-out 25,000 Sales discounts Income tax expense 70,000 Sales returns and allowances 41,000 2,400,000 Insurance expense Sales revenue 15,000 70,000 Interest expense Prepare a multiple-step...
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General ledgers The following selected accounts from the
Tamarisk, Inc.’s general ledger are presented below for the year
ended December 31, 2022:
Advertising expense
$ 57,000
Interest revenue
$ 34,000
Common stock
252,000
Inventory
69,000
Cost of goods sold
1,087,000
Rent revenue
24,000
Depreciation expense
127,000
Retained earnings
537,000
Dividends
152,000
Salaries and wages expense
676,000
Freight-out
27,000
Sales discounts
8,700
Income tax expense
72,000
Sales returns and allowances
45,000
Insurance expense
15,000
Sales revenue
2,401,000
Interest expense
71,000
Prepare...
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The following selected accounts from the Windsor, Inc.'s general ledger are presented below for the year ended December 31, 2022: Advertising expense Common stock Cost of goods sold Depreciation expense Dividends Freight-out Income tax expense Insurance expense Interest expense $ 48,000 Interest revenue 243,000 Inventory 1,078,000 Rent revenue 118,000 Retained earnings 143,000 Salaries and wages expense 18,000 Sales discounts 63,000 Sales returns and allowances 15, Dad Sales revenue 63, nad $ 26.000 60,000 21.000 528.000 668,000 3.000 37.000 2,393,00D Prepare...
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B) The following selected accounts from Okanagan
Corporation’s general ledger are presented below for the year ended
December 31, 2018:
Accounts receivable
$249,000
Accumulated depreciation—equipment
745,000
Advertising expense
50,000
Common shares
254,000
Cost of goods sold
1,085,000
Depreciation expense
131,000
Dividends declared
154,000
Equipment
1,461,000
Freight out
24,000
Income tax expense
73,000
Insurance expense
23,000
Interest expense
60,000
Interest revenue
31,000
Inventory
103,000
Prepaid expenses
31,000
Rent revenue
24,000
Retained earnings
506,000
Salaries expense
772,000
Sales
2,646,000
Sales discounts
22,000...
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The following selected accounts from Okanagan Corporation’s
general ledger are presented below for the year ended December 31,
2018:
Accounts receivable
$249,000
Accumulated depreciation—equipment
745,000
Advertising expense
50,000
Common shares
254,000
Cost of goods sold
1,085,000
Depreciation expense
131,000
Dividends declared
154,000
Equipment
1,461,000
Freight out
24,000
Income tax expense
73,000
Insurance expense
23,000
Interest expense
60,000
Interest revenue
31,000
Inventory
103,000
Prepaid expenses
31,000
Rent revenue
24,000
Retained earnings
506,000
Salaries expense
772,000
Sales
2,646,000
Sales discounts
22,000
Sales...
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The following selected accounts from the Windsor, Inc.s general ledger are presented below for the year ended December 31, 2022: Advertising expense $ 48,000 Interest revenue $ 26,000 Common stock 243,000 Inventory 60,000 Cost of goods sold 1,078,000 Rent revenue 24,000 Depreciation expense 118,000 Retained earnings 528,000 Dividends 143,000 Salaries and wages expense 668,000 Freight-out 18,000 Sales discounts 8,000 Income tax expense 63,000 Sales returns and allowances 37,000 Insurance expense 15,000 Sales revenue 2,393,000 Interest expense 63,000 Prepare a multiple-step...
The following are selected ledger accounts of Sunland Corporation at December 31, 2020. Cash Inventory Sales revenue Unearned sales revenue Purchases Sales discounts Purchase discounts Selling expenses Accounting and legal services Insurance expense (office) Advertising expense Delivery expense Depreciation expense (office equipment) Depreciation expense (sales equipment) $210.900 609,900 4,873,500 133,380 3,176,040 38,760 30,780 78,660 37,620 27,360 61,560 106,020 54.720 41,040 Salaries and wages expense (sales) Salaries and wages expense (office) Purchase returns Sales returns and allowances Freight-in Accounts receivable Sales...
The following are selected ledger accounts of Concord Corporation at December 31, 2020. Cash $181,300 Inventory 524,300 Sales revenue 4,189,500 Unearned sales revenue 114,660 Purchases 2,730,280 Sales discounts 33,320 Purchase discounts 26,460 Selling expenses 67,620 Accounting and legal services 32,340 23,520 Insurance expense (office) Advertising expense 52,920 Delivery expense 91,140 Depreciation expense (office equipment) 47,040 35,280 Depreciation expense (sales equipment) Salaries and wages expense (sales) Salaries and wages expense (office) Purchase returns Sales returns and allowances Freight-in Accounts receivable Sales...
The following are selected ledger accounts of Bonita Corporation at December 31, 2020. Cash $196,100 Salaries and wages expense (sales) $301,040 Inventory 567,100 Salaries and wages expense (office) 366,760 Sales revenue 4,531,500 Purchase returns 15,900 Uneamed sales revenue 124,020 Sales returns and allowances 83,740 Purchases 2,953,160 Freight-in 76,320 Sales discounts 36,040 Accounts receivable 151,050 Purchase discounts 28,620 Sales commissions 87,980 Selling expenses 73,140 Telephone and Internet expense (sales) 18,020 Accounting and legal services 34,980 Utilities expense (office) 33,920 Insurance expense...
Prepare a Condensed Income Statement
View Policies Current Attempt in Progress The following are selected ledger accounts of Blue Corporation at December 31, 2020. Cash Inventory Sales revenue Unearned sales revenue Purchases Sales discounts Purchase discounts Selling expenses Accounting and legal services Insurance expense (office) Advertising expense Delivery expense Depreciation expense (office equipment) Depreciation expense (sales equipment) $244,200 706,200 5,643,000 154,440 3,677,520 44,880 35,640 91,080 43,560 31,680 71,280 122,760 63,360 47,520 Salaries and wages expense (sales) Salaries and wages expense...
The following selected accounts from the Blue Door Corporation's general ledger are presented below for the year ended December 31, 2022 Advertising expense $55,000 Interest revenue Common stock 250,000 Inventory $ 30,000 67.000 24,000 Cost of goods sold 1,085,000 Rent revenue Depreciation expense 125,000 Retained earnings 535,000 Dividends 150,000 Salaries and wages expense 675,000 8,500 Freight-out 25,000 Sales discounts Income tax expense 70,000 Sales returns and allowances 41,000 2,400,000 Insurance expense Sales revenue 15,000 70,000 Interest expense Prepare a multiple-step...
General ledgers The following selected accounts from the
Tamarisk, Inc.’s general ledger are presented below for the year
ended December 31, 2022:
Advertising expense
$ 57,000
Interest revenue
$ 34,000
Common stock
252,000
Inventory
69,000
Cost of goods sold
1,087,000
Rent revenue
24,000
Depreciation expense
127,000
Retained earnings
537,000
Dividends
152,000
Salaries and wages expense
676,000
Freight-out
27,000
Sales discounts
8,700
Income tax expense
72,000
Sales returns and allowances
45,000
Insurance expense
15,000
Sales revenue
2,401,000
Interest expense
71,000
Prepare...
The following selected accounts from the Windsor, Inc.'s general ledger are presented below for the year ended December 31, 2022: Advertising expense Common stock Cost of goods sold Depreciation expense Dividends Freight-out Income tax expense Insurance expense Interest expense $ 48,000 Interest revenue 243,000 Inventory 1,078,000 Rent revenue 118,000 Retained earnings 143,000 Salaries and wages expense 18,000 Sales discounts 63,000 Sales returns and allowances 15, Dad Sales revenue 63, nad $ 26.000 60,000 21.000 528.000 668,000 3.000 37.000 2,393,00D Prepare...
B) The following selected accounts from Okanagan
Corporation’s general ledger are presented below for the year ended
December 31, 2018:
Accounts receivable
$249,000
Accumulated depreciation—equipment
745,000
Advertising expense
50,000
Common shares
254,000
Cost of goods sold
1,085,000
Depreciation expense
131,000
Dividends declared
154,000
Equipment
1,461,000
Freight out
24,000
Income tax expense
73,000
Insurance expense
23,000
Interest expense
60,000
Interest revenue
31,000
Inventory
103,000
Prepaid expenses
31,000
Rent revenue
24,000
Retained earnings
506,000
Salaries expense
772,000
Sales
2,646,000
Sales discounts
22,000...
The following selected accounts from Okanagan Corporation’s
general ledger are presented below for the year ended December 31,
2018:
Accounts receivable
$249,000
Accumulated depreciation—equipment
745,000
Advertising expense
50,000
Common shares
254,000
Cost of goods sold
1,085,000
Depreciation expense
131,000
Dividends declared
154,000
Equipment
1,461,000
Freight out
24,000
Income tax expense
73,000
Insurance expense
23,000
Interest expense
60,000
Interest revenue
31,000
Inventory
103,000
Prepaid expenses
31,000
Rent revenue
24,000
Retained earnings
506,000
Salaries expense
772,000
Sales
2,646,000
Sales discounts
22,000
Sales...
The following selected accounts from the Windsor, Inc.s general ledger are presented below for the year ended December 31, 2022: Advertising expense $ 48,000 Interest revenue $ 26,000 Common stock 243,000 Inventory 60,000 Cost of goods sold 1,078,000 Rent revenue 24,000 Depreciation expense 118,000 Retained earnings 528,000 Dividends 143,000 Salaries and wages expense 668,000 Freight-out 18,000 Sales discounts 8,000 Income tax expense 63,000 Sales returns and allowances 37,000 Insurance expense 15,000 Sales revenue 2,393,000 Interest expense 63,000 Prepare a multiple-step...