Solved: Cost of goods sold 217450 salaries and wages expense 62110, Accounting Basics

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Cost of goods sold 217450 salaries and wages expense 62110

Question - Presented below is information related to Gonzales Corporation for the month of January 2014.

Cost of goods sold $217,450 Salaries and wages expense $62,110

Delivery expense 8,070 Sales discounts 8,990

Insurance expense 14,810 Sales returns and allowances 14,300

Rent expense 21,440 Sales revenue 379,940

Prepare the necessary closing entries.

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Accounting Basics: Cost of goods sold 217450 salaries and wages expense 62110

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Accounting Basics: Cost of goods sold 217450 salaries and wages expense 62110

Reference No:- TGS02705321

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