The adjusted trial balance of Pharoah Supply Company included the following selected accounts: Sales Revenue Sales Returns and Allowances Sales Discounts Cost of Goods Sold Freight-Out Advertising Expense Interest Expense Salaries and Wages Expense Utilities Expense Depreciation Expense Interest Revenue Debit $57,000 9,500 407,050 2,900 15,800 24,100 89,000 23,000 3,000 Credit $648,000 24,055

The adjusted trial balance of Pharoah Supply Company included the following selected accounts: Sales Revenue Sales Returns and Allowances Sales Discounts Cost of Goods Sold Freight-Out Advertising Expense Interest Expense Salaries and Wages Expense Utilities Expense Depreciation Expense Interest Revenue Debit $57,000 9,500 407,050 2,900 15,800 24,100 89,000 23,000 3,000 Credit $648,000 24,055

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 19Q: The following is select account information for Sunrise Motors. Sales: $256,400; Sales Returns and...

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