Reference no: EM132650487

Question 1: Use the following accounts to make a year end multi step income statement and a classified balance sheet for the Jones Company,

Administrative expenses 23000
Accumulated depreciation 30000
Equipment 45000
Cash 6000
common stock 15000
Cost of merchandise sold 30000
Interest expense 500
Rent Revenue 12000
Unearned fees 400
Supplies I 450
Prepaid Insurance 500
Accounts Receivable 4500
Bonds payable 10000
Sales 84000
Selling Expenses 2000
Retained earnings 1050

Question 2: Use the following accounts to make a year end multi-step income statement for the Jones Company.

Question 3: Cost of merchandise sold $20,000; administrative expenses 5,000;interest expense 1000;rent revenue 5500; sales $31,000; and selling expenses $4600.