Home / Expert Answers / Accounting / the-worksheet-of-bridget-39-s-office-supplies-contains-the-following-revenue-cost-and-expense-accoun-pa740

(Solved): The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense account ...



The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory amounted to

$59,275

on January 1, 20X1, and

$52,225

on December

31,20\times 1

. The expense accounts numbered 611 through 617 represent selling expenses, and those numbered 631 through 646 represent general and administrative expenses. \table[[Accounts,,,],[401 Sales,

$

,246,600,Credit],[451 Sales Returns and Allowances,,4,300,Debit],[491 Miscellaneous Income,,350,Credit],[501 Purchases,,103,100,Debit],[502 Freight In,,1,925,Debit],[503 Purchases Returns and Allowances,,3,550,Credit],[504 Purchases Discounts,,1,750,Credit],[611 Salaries Expense-Sales,,44,800,Debit],[614 Store Supplies Expense,,2,260,Debit],[617 Depreciation Expense-Store Equipment,,1,460,Debit],[631 Rent Expense,,13,000,Debit],[634 Utilities Expense,,2,950,Gebit],[637 Salaries Expense-office,,20,600,Debit],[640 Payrol1 Taxes Expense,,5,500,Debìt],[643 Depreciation Expense-office Equipment,,520,Debit],[646 Uncollectible Accounts Expense,,670,Debit],[691 Interest Expense,,640,Debit]]

student submitted image, transcription available below


We have an Answer from Expert

View Expert Answer

Expert Answer


We have an Answer from Expert

Buy This Answer $5

Place Order

We Provide Services Across The Globe