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 stock15000

Cost of merchandise sold 30000

Interest expense 500

Rent Revenue 12000

Unearned fees 400

Supplies I450

Prepaid Insurance 500

Accounts Receivable4500

Bonds payable 10000

Sales 84000

Selling Expenses 2000

Retained earnings1050

2)Use the following accounts to make a

year end multi-step income statement for the Jones Company.

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