=+PR 6-1B Multiple-step income statement and report form of balance sheet obj. 2

✔ 1. Net income:

$300,000 304 Chapter 6 Accounting for Merchandising Businesses The following selected transactions were completed by Silvertree Company during January of the current year:

Jan. 1. Purchased merchandise from Guinn Co., $13,600, terms FOB destination, n/30.