Mod 2 Probs P3-9 and P4-6

Mod 2 Probs P3-9 and P4-6 - Chapter 3 Problem 9 (a) (b)...

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Chapter 3 Problem 9 (a) (b) Cash 12/31 18,500 Accounts Receivable 12/31 32,000 Allowance for Doubtful Accounts 12/31 700 Inventory 12/31 80,000 Preaid Insurance 12/31 5,100 12/31 84,000 12/31 35,000 Notes Payable 12/31 28,000 Common Stock 12/31 80,600 Retained Earnings 12/31 10,000
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Sales 12/31 600,000 COGS 12/31 408,000 Sales Salaries Expense 12/31 50,000 Advertising Expense 12/31 6,700 Administrative Salary Expense 12/31 65,000 Office Expense 12/31 5,000 ADDED T ACCOUNTS BELOW Insurance Expense 12/31 2,650 Interest Expense 12/31 3,360 Accrued Interest 12/31 3,360 Accrued Salaries 12/31 2,400 Prepaid Advertising 12/31 700 Office Supplies 12/31 1,500
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12/31 12/31 ( c ) Debit Credit Sales 600,000 COGS 408,000 Sales Salaries Expense 52,400 Advertising Expense 6,700 Admin Salaries Expense 65,000 Office expense 3,500 Office Supplies 1,500 Bad Debt Expense 1,400 Depreciation expense 12,000 Insurance Expense 2,550 Interest Expense 3,360 Sales Salaries
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Mod 2 Probs P3-9 and P4-6 - Chapter 3 Problem 9 (a) (b)...

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