I apologhize my question changed Dakins Lamp Company Trial Balance September 30,

Question

I apologhize my question changed

Dakins Lamp Company Trial Balance September 30, 2018 Balance Account Debit Crodit $468,000 Accounts Receivable Marchandise Inventory Office Supplies Warehouse Supplies 147,500 180 25,000 Bulding Office Furniture and Eqipment Warehouse Fbtures Accumulated Depredation Accounts Payable Dakins, Capital Dakins, Withdrawals Sales Revenue Cost of Goods Sold Salaries Expense Seling Ubiliies Expense-Selng Supplies Expons?Saling Dopreciation Expense-Seling Salaries Expense Administrative Utities Expense Administrative Supplies Expense Administrative Depreciation Expense-Adminis trative Total 740,000 $ 237000 314,000 2,713,060 1,115,000 180,000 85,000 28,000 S 3,264,060 3264,060

Explanation / Answer

Please hit LIKE button if this helped. For any further explanation, please put your query in comment, will get back to you.

Nothing mentioned what to do, however done with Income statement and balance sheet:

Income Statement Sales Revenue 2713060 Less Cost of Goods Sold 1115000 Gross Margin 1598060 Less: Operating Expense Salaries Expense-Selling 180000 Utilities Expense-Selling 30000 Supplies Expense-Selling 0 Dep Expense-Selling 0 Salaries Expense-Administrative 85000 Utilities Expense-Administrative 28000 Supplies Expense-Administrative 0 Dep Expense-Administrative 0 323000 Net Income 1275060 Balance Sheet Current Assets: Cash 468000 Accounts Receivable 0 Office Supplies 180 Warehouse Supplies 380 Merchandise Inventory 147500 Total Current Assets 616060 Land 25000 Building 740000 Office Furniture and Equpment 135000 Warehouse Fixture 310000 Less: Acc Dep 237000 948000 Total Assets 1589060 Current Liabilities: Accounts Payable 0 Total Current Liabilities 0 Equity: Dakins, Capital 314000 Retained Earning 1275060 Total Liabilities and equity 1589060

Related Questions

Navigate

• Browse (All)
• Browse I
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.