Acct 301 Chp. 3 HW P3-9

Acct 301 Chp. 3 HW P3-9 - NewYorkBoutique TrialBalance...

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New York Boutique Trial Balance 31-Dec Debit Credit Cash  $18,500.00  Accounts Receivable  32,000.00  Allowance for Doubtful Accounts  $700.00  Inventory, December 31  80,000.00  Prepaid Insurance  5,100.00  Furniture and Equipment  84,000.00  Accumulated Depreciation - Furniture and Equipment  35,000.00  Notes Payable  28,000.00  Common Stock  80,600.00  Retained Earnings  10,000.00  Sales  600,000.00  Cost of Goods Sold  408,000.00  Sales Salarie Expense  50,000.00  Advertising Expense  6,700.00  Administrative Salaries Expense  65,000.00  Office Expense  5,000.00  $754,300 $754,300
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a)Construct T-accounts for the balance shown in the Trial Balance. Cash A/R Allowance for D.A. 18500 32000 700 Inventory, December 31 Prepaid Insurace 80000 5100 84000 N/P Common Stock 35000 28000 80600 Retained Earnings Sales COGS 10000 60000 408000 Sales Salaries Expense Advertising Expense Administrative Salaries Exp 50000 6700 65000 Office Expense 5000
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This note was uploaded on 04/06/2011 for the course ACC 300 taught by Professor Barga during the Spring '11 term at St. Leo.

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Acct 301 Chp. 3 HW P3-9 - NewYorkBoutique TrialBalance...

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