The Olive Finger Gardener is a retail store that sells plants, soil, and decorative pots. On October 31, 2018, the firm’s general ledger contained…
The Olive Finger Gardener is a retail store that sells plants, soil, and decorative pots. On October 31, 2018, the firm’s general ledger contained the accounts and balances that appear below. ACCOUNTS AND BALANCES Cash $5,800 Dr. Accounts Receivable 2,700 Dr. Allowance for Doubtful Accounts 53 Cr. Merchandise Inventory 11,400 Dr. Supplies 1,210 Dr. Prepaid Advertising 1,080 Dr. Store Equipment 8,160 Dr. Accumulated Depreciation—Store Equipment 1,510 Cr. Office Equipment 1,660 Dr. Accumulated Depreciation—Office Equipment 290 Cr. Accounts Payable 2,635 Cr. Social Security Tax Payable 440 Cr. Medicare Tax Payable 97 Cr. Federal Unemployment Tax Payable State Unemployment Tax Payable Salaries Payable Beth Argo, Capital 26,087 Cr. Beth Argo, Drawing 20,100 Dr. Sales 90,548 Cr. Sales […]
