X Stores Ltd. had the following account balances at December 31, 2021: Office supplies expense Travel and entertainment expense Dividends, paid in cash Payments to suppliers on account Sales revenue Sales returns and allowances Contributions by owners Advertising expense Cost of goods sold Insurance expense Collections from customers on account Income tax expense Cash received from debt Deferred revenue Sales discounts Freight expense Prepaid expenses Repairs and maintenance expense Rent expense $4,260 2,745 11,000 33,825 233,500 11,250 15,000 6,965 145,180 1,500 37,655 8,540 10,000 9,500 8,750 6,850 9,875 4,745 13,500

X Stores Ltd. had the following account balances at December 31, 2021: Office supplies expense Travel and entertainment expense Dividends, paid in cash Payments to suppliers on account Sales revenue Sales returns and allowances Contributions by owners Advertising expense Cost of goods sold Insurance expense Collections from customers on account Income tax expense Cash received from debt Deferred revenue Sales discounts Freight expense Prepaid expenses Repairs and maintenance expense Rent expense $4,260 2,745 11,000 33,825 233,500 11,250 15,000 6,965 145,180 1,500 37,655 8,540 10,000 9,500 8,750 6,850 9,875 4,745 13,500

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 12E: Inferring Accounts Receivable Amounts At the end of 2019, Karras Inc. had a debit balance of 141,120...

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