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Use the following adjusted trial balance and additional information to complete the requirements: ...

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Accounting

Use the following adjusted trial balance and additional information to complete the requirements:
Company XYZ Adjusted Trial Balance December 31, 2020
Cash 19,200
Merchandise Inventory 51,000
Store Supplies 950
Equipment 43,500
Accumulated depreciation, equipment 15,400
Accounts payable 8,950
Salaries payable 1,200
Claire Smith, Capital 68,000
Claire Smith, Withdrawals 7,000
Interest Income 400
Sales 326,000
Sales Discounts 6,100
Sales Returns and Allowances 4,000
Cost of Goods Sold 150,000
Depreciation expense, store equipment 3,850
Depreciation expense, office equipment 1,600
Sales salaries expense 28,300
Office salaries expense 29,800
Insurance expense 13,500
Rent expense (70% is store, 30% is office) 27,000
Store supplies expense 5,750
Advertising expense 28,400
Totals 419,950 419,950

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