Accounting Project 1c

Accounting Project 1c - 76000.00 Utilities Expense 11000.00...

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General Journal Date Account Titles and Explanation Debit Credit Closing Entires 2005 31-Dec Merchandise Inventory(Dec. 31) 70000.00 Sales 618000.00 Purchase Returns and Allowances 6400.00 Purchase Discounts 12000.00 Interest Revenue 4000.00 Income Summary 710400.00 31 Income Summary 694300.00 Merchandise Inventory(Jan. 1) 40500.00 Sales Returns and Allowances 8000.00 Purchases 462000.00 Freight- in 3600.00 Sales Salaries Expense
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Unformatted text preview: 76000.00 Utilities Expense 11000.00 Depreciation Expense- Equipment 13300.00 Depreciation Expense- Building 10400.00 Insurance Expense 7200.00 Office Salaries Expense 32000.00 Sales Commission Expense 14500.00 Property Taxes Expense 4800.00 Interest Expense 11000.00 31 Income Summary 16100.00 Retained Earnings 16100.00 31 Retained Earnings 28000.00 Dividends 28000.00...
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