1. Account Titles Account Balances Sales Discounts 14 Withdrawals 89 Rent Earned
ID: 2433825 • Letter: 1
Question
1. Account Titles Account Balances
Sales Discounts 14
Withdrawals 89
Rent Earned 42
Equipment 516
Cost of Goods Sold 112
Accounts Payable ???
Inventory 315
Delivery Expense (freight-out) 25
Capital 455
Sales 500
Salaries Expense 201
Accumulated depreciation-equipment 144
Cash 95
Sales returns & allowances 10
Supplies expense 31
Unearned Fees 112
Depreciation expense 23
After preparing a Trial Balance, calculate the Accounts Payablebalance. Show your answer with a dollar sign and comma, ifapplicable. Do not use cents.
2. Account Titles Account Balances
Sales Discounts 14
Withdrawals 89
Rent Earned 42
Equipment 516
Cost of Goods Sold 112
Accounts Payable ???
Inventory 315
Delivery Expense (freight-out) 25
Capital 455
Sales 500
Salaries Expense 201
Accumulated depreciation-equipment 144
Cash 95
Sales returns & allowances 10
Supplies expense 31
Unearned Fees 112
Depreciation expense 23
Calculate Gross Profit. Show your answers with a dollar sign andcomma, if applicable. Do not use cents.
3. Account Titles Account Balances
Sales Discounts 14
Withdrawals 89
Rent Earned 42
Equipment 516
Cost of Goods Sold 112
Accounts Payable ???
Inventory 315
Delivery Expense (freight-out) 25
Capital 455
Sales 500
Salaries Expense 201
Accumulated depreciation-equipment 144
Cash 95
Sales returns & allowances 10
Supplies expense 31
Unearned Fees 112
Depreciation expense 23
Calculate Net Income or Net Loss. Show your answer with a dollarsign and comma, if applicable. Do not use cents. If a Net Loss,show answer as $(XXX).
Explanation / Answer
x.XAfter preparing a Trial Balance, calculate the Accounts Payable balance. Show your answer with
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