Chocolate Treats has the following account balances: Cost of goods sold...
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Accounting
Chocolate Treats has the following account balances:
| Cost of goods sold | $400,000 | Rent expense | $45,000 | |||
| Depreciation expense | 13,500 | Salaries expense | 54,000 | |||
| Insurance expense | 3,200 | Sales | 575,000 | |||
| Interest expense | 11,500 | Sales discounts | 5,300 | |||
| Interest revenue | 8,100 | Sales returns and allowances | 15,500 |
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