P5-19 LO 5.4 LO 5.5 LO 5.6 Sales Salaries Expense LO 5.8 Miscellaneous Administr

Question

P5-19 LO 5.4 LO 5.5 LO 5.6 Sales Salaries Expense LO 5.8 Miscellaneous Administrative Expenses LO 5.10 Sales Comprehensive: Income Statement and Retained Earnings Milwaukee Manufacturing Company presents the tollowing partial list of account balances, after adjustments, as of December 31, 2016 $ 27,400 3,000 463,200 3,200 Sales Personnel Travel Expenses Property Taxes and Insurance Expense Retained Earnings, January 1, 2016 Depreciation Expense: Sales Equipment $ 8,300 Interest Revenue Office and Administrative Salaries Delivery Expenses Loss on Sale of Factory Equipment (pretax) Cost of Goods Sold 9,000 200,800 9,000 15,700 5,900 200,000 30,000 Advertising Expense 11,700 41 00 232,200 Miscellaneous Rent Revenue Common Stock, $ 10 par Depreciation Expense: Buildings and SHow ME HOW 14,400 (continued) Office Equipment

Explanation / Answer

Supported Schedule of Selling expenses, General and Administrative Expenses -

Income Statement of Milwakuee manufacturing-

General and Adminstrative Expense Property, tax and Insurance Expense 9000 Office salaries expense 30,000 Miscellaneous Exp 3000 Depreciation Expense Building & Office equipment 14400 Sales Equipment 9000 Total 65400 Selling Expense Sales salaries expense 27400 Delievery Expense 11700 Advertising Expense 15700 Sales personal expense 8300 Total 63100

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