Reference no: EM13748733
Please help me prepare a multi-step income statement
Debits: Cash - $33,470, A/R - $37,170, inventory - $48,470, supplies - $8,970, Equipment - $139,940, sales returns & allowances - $4200, COGS - $495,400, salaries and wage expenses - $138,120, advertising expense - $27,700, utilities expense - $15,880, maintenance/repair expense - $12,100, delivery expense - $16,700, rent expense - $25,300. Total of debits: $1,003,420
Credits: accumulated depreciation - equipment $26,600, notes payable - $54,470, accounts payable - $51,970, common stock - $93,470, retained earnings - $11,470, sales revenue - $765,440. Total of credits: $1,003,420
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Prepare a multi-step income statement
: Please help me prepare a multi-step income statement- Debits: Cash - $33,470, A/R - $37,170, inventory - $48,470, supplies - $8,970, Equipment - $139,940, sales returns & allowances - $4200, COGS - $495,400, salaries and wage expenses - $138,120, adv..
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