Unformatted text preview: f. Cost of goods sold $45,000 (= 450 books x $100 per book) g. None December expense paid in January. h. Commission expense $14,200 i. None Expense will be recorded as depreciation over the equipment’s useful life. j. None Expense will be recorded when the related revenue has been earned. k. Supplies expense $4,800 (= $4,000 + $2,600 - $1,800) l. Wages expense $120 (= 8 hours x $15 per hour) m. Insurance expense $300 (= $3,600 ÷ 12 months) n. Repairs expense $280 o. Utilities Expense $230 p. Consulting Expense $11,500 q. None December expense paid in January....
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- Spring '08
- Management, Purdue University, expense Insurance expense, Krannert School of Management, Expense Consulting Expense