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The following data are taken from the unadjusted trial balance of the Westcott Company at December 31, 2013. Each account carries a normal balance and the accounts are shown here in alphabetical order.
1. Use the data above to prepare a worksheet. Enter the accounts in proper order and enter their balances in the correct debit or credit column.2. Use the following adjustment information to complete the worksheet.a. Depreciation on equipment, $3 b. Accrued salaries, $6 c. The $12 of unearned revenue has been earnedd. Supplies available at December 31, 2013, $15e. Expired insurance,$15
Sales were $8,300,000, sales discounts were $100,000, sales returns and allowances were $45,000, and the cost of merchandise sold was $5,000,000.
Hickory Hills Pro Shop had a balance in the Accounts Receivable account of $800,000 at the beginning of the year and a balance of $900,000 at the end of the year. Net credit sales during the year amounted to $7,310,000. The average collection p..
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