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San Diego State University Operations And Supply Chain Management Assignment Help - Expenses

Question - The trial balance of Pacilio Security Services Inc. as of January 1, 2019, had the following normal balances: Cash $93,380 Petty cash 100 Accounts receivable 21,390 Allowance for doubtful accounts 2,485 Supplies 180 Prepaid rent 3,000 Merchandise inventory (23 @ $280) 6,440 Equipment 9,000 Van 27,000 Accumulated depreciation 14,900 Salaries payable 1,500 Common stock 50,000 Retained earnings 91,605 During 2019, Pacilio Security Services experienced the following transactions: 1. Paid the salaries payable from 2018. 2. Paid $9,000 on May 2, 2019, for one year's office rent in advance. 3. Purchased $425 of supplies on account. 4. Purchased 145 alarm systems at a cost of $290 each. Paid cash for the purchase. 5. After numer ...Read More

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