Cash

$ 18,000

Sales

$815,000

Accounts Receivable

82,500

Sales Returns and Allowances

11,900

Merchandise Inventory

165,000

Sales Discounts

7,100

Prepaid Insurance

9,700

Cost of Merchandise Sold

476,200

Store Supplies

4,250

Sales Salaries Expense

76,400

Office Supplies

2,100

Advertising Expense

25,000

Store Equipment

157,000

Depreciation Expense-

Accumulated Depreciation-

Store Equipment

Store Equipment

40,300

Store Supplies Expense

Office Equipment

50,000

Miscellaneous Selling Expense

1,600

Accumulated Depreciation-

Office Salaries Expense

34,000

Office Equipment

17,200

Rent Expense

16,000

Accounts Payable

66,700

Insurance Expense

Salaries Payable

Depreciation Expense-

Unearned Rent

1,200

Office Equipment

Note Payable

Office Supplies Expense -

(final payment due 2016)

105,000

Miscellaneous Administrative

Robbin Jaeger, Capital

134,600

Expense

1,650

Robbin Jaeger, Drawing

30,000

Rent Revenue

Income Summary

Interest Expense

11,600

Physical merchandise inventory on December 31

$157,500

Insurance expired during the year

4,000

Supplies on hand on December 31

Store supplies

1,100

Office supplies

600

Depreciation for the year:

Store equipment

4,500

Office equipment

2,800

Salaries payable on December 31:

Sales salaries

$2,850

Office salaries

800

3,650

Unearned rent on December 31

400