Ch06P14B - 23,000 Sales discounts 12,000 Purchases 692,000...

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Problem 6-14B The Downtown Store Work Sheet For Year Ended March 31, 2005 Account Adjustments Income Statement 2. General Journal 3. Merchandise Invent Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Date Accounts and explanation PR Debit Credit Date Explanation PR Debit Cash 14,000 Mar. 31 Mar. 31 Balance Merchandise inventory 96,000 Supplies 1,200 Prepaid rent 14,000 Store equipment 120,000 Accumulated amortization, store 28,000 Office equipment 46,000 Accumulated amortization, office 13,000 Accounts payable 32,000 Lucy Baker, capital 269,200 Lucy Baker, withdrawals 68,000 Sales 998,000 Sales returns and allowances
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Unformatted text preview: 23,000 Sales discounts 12,000 Purchases 692,000 Purchases returns and allowances 5,700 Purchase discounts 14,300 Transportation-in 32,000 Sales salaries expense 120,000 Rent expense (80% selling; 20% office) 84,000 Advertising expense 14,000 Supplies expense (30% selling; 70% office) 17,000 Rent expense 7,000 Amortization expense, store- Amortization expense, office- Totals 1,360,200 1,360,200 Unadjusted Trial Balance Adjusted Trial Balance Balance Sheet & Statement of Owner's Equity tory Credit Balance 96,000...
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This note was uploaded on 08/22/2009 for the course ACCT 1101 taught by Professor Davescott during the Fall '05 term at Niagara College.

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Ch06P14B - 23,000 Sales discounts 12,000 Purchases 692,000...

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