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The ledger accounts of the Abmat Accessories for the year ended Dec. 31, 2019 are...

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Accounting

The ledger accounts of the Abmat Accessories for the year ended Dec. 31, 2019 are as follows: Accum. Depreciation- Office Building 200,000 Accum. Depreciation- Office Equipment 130,000 Accounts Receivable 248,000 Accounts Payable 198,000 Cash 180,000 Transportation In 72,000 Insurance Expense 35,000 Interest Expense 208,000 F. Abmat, Capital 1,857,000 F. Abmat, Withdrawals 250,000 Land 600,000 Merchandise Inventory 544,000 Mortgage Payable 1,200,000 Notes Payable due in 2 years 300,000 Office Building 1,500,000 Office Equipment 590,000 Office Supplies 59,000 Prepaid Advertising 100,000 Purchases Discounts 172,000 Purchases Returns & Allowances 153,000 Purchases 2,703,000 Salaries Expense 852,000 Sales Discounts 184,000 Sales Returns and Allowances 207,000 Sales 4,410,000 Travel Expense 288,000

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