The Boston Trading Company, whose accounting year ends on December 31, had the following normal balances in its general ledger...
The Boston Trading Company, whose accounting year ends on December 31, had the following normal balances in its general ledger at December 31.
| Cash | $19,500 |
| Accounts Receivable | 84,900 |
| Inventory | 109,500 |
| Prepaid Insurance | 9,000 |
| Office Supplies | 6,300 |
| Furniture & Fixtures | 31,500 |
| Accumulated Depreciation - Furn. & Fixtures | 7,500 |
| Delivery Equipment | 126,000 |
| Accumulated Depreciation - Delivery Equipment | 18,000 |
| Accounts Payable | 61,500 |
| Long-term Notes Payable | 45,000 |
| Common Stock | 112,500 |
| Retained Earnings | 77,100 |
| Sales Revenue | 945,000 |
| Cost of Goods Sold | 606,000 |
| Utilities Expense | 7,200 |
| Salaries Expense | 207,000 |
| Delivery Expense | 16,200 |
| Advertising Expense | 8,400 |
| Rent Expense | 21,600 |
| Income Tax Expense | 13,500 |
During the year, the accounting department prepared monthly statements but no adjusting entries were made in the journals and ledgers. Data for the year-end procedures are as follows:
| Prepaid insurance, December 31 | $1,200 |
| Depreciation Expense on furniture and fixures for year | 1,800 |
| Depreciation Expense on delivery equip. for the year | 14,000 |
| Salaries Payable, December 31 | 3,000 |
| Unused office supplies on December 31 | 1,000 |
What are the total operating expenses for the year ended December 31st?
12 years ago
999999.99
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