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Help with recording adjusting entries and income statement ...

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Accounting

Help with recording adjusting entries and income statement
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Line item descriptions for journal entries Accounts Receivable Accumulated Depreciation- Delivery Equipment Accumulated Depreciation - Furn.&Fixtures Common Stock Depreciation Expense- Delivery Equipment Depreciation Expense-Furniture & Fixtures Furniture & Fixtures Income Tax Expense Insurance Expense Inventory Line item descriptions for income statement Selling general, and administrative expenses Cost of goods sold Income tax expense Sales revenue Multi step Income Statement and Adjusting Entries Ace Distributors, whose accounting year ends on December 31, had the following normal balances in its ledger accounts at December 31 Cash Accounts receivable Inventory Prepaid insurance Office supplies Furniture &fixtures Accumulated Depreciation- Furn.&Fixtures Delivery equipment Accumulated depreciation - delivery equip. Accounts payable Long-term notes payable Common stock Retained earnings 45,750 92,000 84,400 7,200 4,800 28,000 10,800 0,000 24,400 69,400 30,000 125,000 42,000 ong-Term Notes Payable Office Salaries Expense Office Supplies Office Supplies Expense Prepaid Insurance etained Earnings Salaries Payable les Revenue Sales Salaries Expense

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