Ex5-8 - 61000 Rent expense 20000 Sales returns and...

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(A) Decription/Account Debit Credit Cost of Goods Sold 600 Merchandise Inventory 600 (B) Description/Account Debit Credit Sales 350000 Income Summary 350000 Income Summary 341600 Cost of goods sold( 218000+600) 218600 Salary expense
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Unformatted text preview: 61000 Rent expense 20000 Sales returns and allowances 13000 Insurance expense 12000 Sales discounts 10000 Freight-out 7000 Income Summary( 350000-341600) 8400 Rogers, Capital 8400...
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This note was uploaded on 10/19/2008 for the course ACCT 220 taught by Professor Shivn.goyal during the Fall '08 term at Maryland.

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