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Unformatted text preview: Enter accounts in the same order as they appear above. December 31, 2006 Sales revenue 792,000 Interest revenue 2,000 Income summary 794,000 Income summary 618,420 Cost of goods sold 443,520 Salaries expense 105,600 Rent expense 25,000 Depreciation expense 34,000 Interest expense 4,900 Insurance expense 5,400 Income summary 175,580 Retained earnings 175,580...
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- Spring '10
- Revenue, Generally Accepted Accounting Principles, expense Insurance expense, Expense Depreciation Expense, American Chip Corporation