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The Boston Trading Company, whose accounting year ends on December 31, had the following normal balances in its general ledger at December 31.Cash$19,500Accounts Receivable84,900Inventory109,500Prepaid Insurance9,000Office Supplies6,300Furniture & Fixtures31,500Accumulated Depreciation – Furn. & Fixtures7,500Delivery Equipment126,000Accumulated Depreciation – Delivery Equipment18,000Accounts Payable61,500Long-term Notes Payable45,000Common Stock112,500Retained Earnings77,100Sales Revenue945,000Cost of Goods Sold606,000Utilities Expense7,200Salaries Expense207,000Delivery Expense16,200Advertising Expense8,400Rent Expense21,600Income Tax Expense13,500 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$1,200Depreciation Expense on furniture and fixures for year1,800Depreciation Expense on delivery equip. for the year14,000Salaries Payable, December 313,000Unused office supplies on December 311,000 What are the total operating expenses for the year ended December 31st? Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!Use Discount Code “Newclient” for a 15% Discount!NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you. “Is this question part of your assignment? We Can Help!”
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