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Presented below are selected account balances for Sage Co. as of December 31, 2017.
Presented below are selected account balances for Sage Co. as of December 31, 2017.
Inventory 12/31/17 $61,060
Cost of Goods Sold $223,482
Common Stock 73,650
Selling Expenses 15,959
Retained Earnings 45,870
Administrative Expenses 38,595
Dividends 17,785
Income Tax Expense 30,520
Sales Returns and Allowances 12,014
Sales Discounts 14,740
Sales Revenue 405,510
(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)
Account TitleSales revenueIncome SummaryIncome SummaryCost of goods soldSelling ExpensesAdministrative ExpensesIncome Tax ExpenseSales discountsSales returns and allowances DebitCredit...