project 1 (c) - $3,600 Sales Salaries Expense $76,000...

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Project 1 (c) GENERAL JOURNAL Date Account Titles and Explanation Debit Credit 2005 Closing Entires 31-Dec Merchandise Inventory(Dec. 31) $70,000 Sales $618,000 Purchase Returns and Allowances $6,400 Purchase Discounts $12,000 Interest Revenue $4,000 Income Summary $710,400 31 Income Summary $694,300 Merchandise Inventory(Jan. 1) $40,500 Sales Returns and Allowances $8,000 Purchases $462,000 Freight- in
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Unformatted text preview: $3,600 Sales Salaries Expense $76,000 Utilities Expense $11,000 Depreciation Expense- Equipment $13,300 Depreciation Expense- Building $10,400 Insurance Expense $7,200 Office Salaries Expense $32,000 Sales Commission Expense $14,500 Property Taxes Expense $4,800 Interest Expense $11,000 31 Income Summary $16,100 Retained Earnings $16,100 31 Retained Earnings $28,000 Dividends $28,000...
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This note was uploaded on 02/06/2011 for the course BUS 210 taught by Professor Schmeltz during the Spring '08 term at SUNY Stony Brook.

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