NWP Assessment Player UI Application https://education.wiley.com/was/ui/v2/assessment-player/index.html?launchId=b4baca32-7d96-41c1-b1d2-1a7e9c4d51dd#/question/41/12View Policies Show Attempt History Presented below is the December 31 trial balance of New York Boutique. NEW YORKBOUTIQUE TRIAL BALANCE DECEMBER 31 DebitCredit Cash $18,500 Accounts Receivable32,000 Allowance for Doubtful Accounts$700 Inventory, December 3180,000 Prepaid Insurance5,100 Equipment84,000 Accumulated Depreciation—Equipment35,000 Notes Payable28,000 Common Stock80,600 Retained Earnings10,000 Sales Revenue600,000 Cost of Goods Sold408,000 Salaries and Wages Expense (sales)50,000 Advertising Expense6,700
1/27/23, 6:08 PMNWP Assessment Player UI Application https://education.wiley.com/was/ui/v2/assessment-player/index.html?launchId=b4baca32-7d96-41c1-b1d2-1a7e9c4d51dd#/question/42/12Salaries and Wages Expense (administrative)65,000 Supplies Expense5,000 $754,300$754,300 Your answer is correct. Construct T-accounts and enter the balances shown. Cash Bal.Inventory Bal.Prepaid Insurance Bal.Common Stock Bal.Salaries and Wages Expense (Sales) Bal.Retained Earnings Bal.Accounts Receivable Bal.18500. 80000. 5100 80600. 50000. 10000 32000
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