Audited Balance 10/31/2018 Preliminary Balance 10/31/2019
Sales* $56,038,100 $61,641,910
Exe...
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Business, 19.03.2021 18:20 DrizzyN2899
Audited Balance 10/31/2018 Preliminary Balance 10/31/2019
Sales* $56,038,100 $61,641,910
Executive salaries 544,881 583,956
Factory hourly payroll 10,402,954 11,697,055
Factory supervisors' salaries 659,285 770,600
Office salaries 1,948,821 2,694,881
Sales commissions 2,950,799 2,829,500
Sales have increased 10% over prior year. 3% percent of that is due to an increase in the average selling price. The remaining 7% is attributed to an increase in the number of units sold.
Required:
Journalize the entries.
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Answers: 1
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