Programs Plus is a retail firm that selis computer programs for home and business use....
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Programs Plus is a retail firm that selis computer programs for home and business use. Programs Plus operates in a state with no sales tax On December 31, 20x1, its general ledger contained the accounts and balances shown below. The date needed for the adjustments on December 31 are as follows o.b. Ending merchandise inventory. $69350 c. Uncollectibie accounts, 0.5 percent of net credit sales of 5260.000 d. Supplies on hand December 31,51770 e. Fxpmed insurance, 32.690 t. Deprecintion Expense-Eqwipment, 31400 Q. Accrued inserest expense on notes payable, 51.1225 n. Accrued tolanes, 1500 1. Social Security Tox Payabie i6.2 percent and Medicare Tax Payable it.45 percent of accived salanes. The followng accourth had zero bakances: - Sacarles payodie - interesi payobie - Miciome Staminary , Supplies txpense - Insurance txpense - Depreciation Experse - Equapment - Uncolieciari Accounts fipence
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