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ID: 2550865 • Letter: O
Question
ONLY ANSWERS YOU CAN COPY AND PASTE!!! DO NOT RESPOND IF THE ANSWER IS NOT COPIED AND PASTED!
TCO C) Blue Corp. reports operating expenses in two categories: (1) selling and (2) general and administrative. The adjusted trial balance at December 31, 201X, included the following expense accounts.
Accounting and legal fees
$150,000
Advertising
$125,000
Freight-out
$65,000
Interest
$80,000
Loss on sale of long-term investments
$35,000
Officers' salaries
$200,000
Rent for office space
$160,000
Sales salaries and commissions
$110,000
One half of the rented premises are occupied by the sales department.
How much of the expenses listed above should be included in Perry's selling expenses for 201X?
Accounting and legal fees
$150,000
Advertising
$125,000
Freight-out
$65,000
Interest
$80,000
Loss on sale of long-term investments
$35,000
Officers' salaries
$200,000
Rent for office space
$160,000
Sales salaries and commissions
$110,000
Explanation / Answer
Calculate selling expense for 201X :
Selling expense Advertising 125000 Freight-out 65000 Sales salaries and commissions 110000 Rent for office space (160000/2) 80000 Total selling expense 380000Related Questions
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