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{"ops":[{"insert":"A. Prepare a Function of Expense SCI using the information below.\n\nJJ Trading \nDecember 31, 20xx\nAdvertising Expense - 17,500\nAmortization Expense - 5,000\nBad Depts Expense - ?\nDepreciation Expense - 12,500\nFreight In - 4,590\nGain on Sale of PPE - 2,732\nInterest Expense - 2,838\nInterest Income - 2,722\nPurchase Discount - 4,100\nPurchase Returns - 2,732\nPurchases - 229,995\nRent Expense - 30,000\nSalaries Expense - 40,000\nSales - 382,492\nSales Discount - 6,650\nSales Returns and Allowances - 2,727\nUtilities Expense 27,500\nBased on actual physical count, inventory balance are as follows:\nJanuary 1, 20xx - 12,727.50\nDecember 31, 20xx - 10,382.50\nAdditional Information:\na. Bad debts is 4 percent of net sales\nb. Depreciation of 2,500 is for equipment used in the administrative office.\nc. Amortization is attributed to office improvements.\nd. 40 percent of salaries are for sales officers.\ne. Utilities for the store represent 35 percent of the utilities expense.\nf. Rental for office space is 10,000\n\n\n"}]}

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