Problem

General ledger account analysis The following form represents an account taken from the...

General ledger account analysis

The following form represents an account taken from the general ledger of Scary Costumes Co.:

Answer the following questions:

a. What is the title of the account?

b. Is this a departmentalized factory?

c. What does the balance of $1,100 represent?

d. How was the 50% rate determined? (Explain without numbers.)

e. What disposition should be made of the balance, assuming that this is the end of the fiscal year?

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