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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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