The Boston Trading Company, whose accounting year ends on December 31, had the following normal balances in its general ledger at December 31.
Cash
$19,500
Accounts Receivable
84,900
Inventory
109,500
Prepaid Insurance
9,000
Office Supplies
6,300
Furniture & Fixtures
31,500
Accumulated Depreciation – Furn. & Fixtures
7,500
Delivery Equipment
126,000
Accumulated Depreciation – Delivery Equipment
18,000
Accounts Payable
61,500
Long-term Notes Payable
45,000
Common Stock
112,500
Retained Earnings
77,100
Sales Revenue
945,000
Cost of Goods Sold
606,000
Utilities Expense
7,200
Salaries Expense
207,000
Delivery Expense
16,200
Advertising Expense
8,400
Rent Expense
21,600
Income Tax Expense
13,500
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
$1,200
Depreciation Expense on furniture and fixures for year
1,800
Depreciation Expense on delivery equip. for the year
14,000
Salaries Payable, December 31
3,000
Unused office supplies on December 31
1,000
What are the total operating expenses for the year ended December 31st?
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