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Depreciation Expense (Office furniture and equipment) $6961 Property Tax Expense $6944 Bad Debt Expense (Selling)...

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Accounting

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Depreciation Expense (Office furniture and equipment) $6961

Property Tax Expense $6944

Bad Debt Expense (Selling) $5026

Maintenance and repairs expense (administration) $9745

Office Expense $5770

Sales Returns and Allowances $61334

Dividends Received $36840

Interest Expense $18260

Income Tax expense $100580

Depreciation understatement due to error-2017 (net of tax) $18460

Dividends declared on preferred stock $8330

Dividends declared on common stock $34440

The following account balances were included in the trial balance of Sheffield Corporation at June 30,2020. | | || |

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