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can an accounting tutor help me with the balance sheet please. Cash $ 240,000 Accounts Receivable 966,000 Merchandise Inventory 1,712,500 Office

 can an accounting tutor help me with the balance sheet please.

Cash $ 240,000
Accounts Receivable 966,000
Merchandise Inventory 1,712,500
Office Supplies 13,500
Prepaid Insurance 8,000
Office Equipment 830,000
Accumulated Depreciation-Office Equipment 550,000
Store Equipment 3,600,000
Accumulated Depreciation-Store Equipment 1,820,000
Accounts Payable 366,000
Salaries Payable 41,500
Note Payable (final payment due 2022) 300,000
Common Stock 500,000
Retained Earnings 2,949,100
Dividends 100,000
Sales 11,343,000
Cost of Merchandise Sold 7,850,000
Sales Salaries Expense 916,000
Advertising Expense 550,000
Depreciation Expense-Store Equipment 140,000
Miscellaneous Selling Expense 38,000
Office Salaries Expense 650,000
Rent Expense 94,000
Depreciation Expense-Office Equipment 50,000
Insurance Expense 48,000
Office Supplies Expense 28,100
Miscellaneous Administrative Expense 14,500
Interest Expense

21,000

Top Answer

INCOME STATEMENT $ Sales          11,343,000 Cost of Merchandise Sold            7,850,000 GROSS PROFIT... View the full answer

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