6 Here are some account balances of Bay Footware Inc. for the nine months ended September...
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6 Here are some account balances of Bay Footware Inc. for the nine months ended September 30, 2022. Prepare multi step classified Income Statement. (16 marks) Debit Credit Beginning Inventory 12,500 Depriciation Expense - Office Equipment Depriciation Expense - Store Equipment 280 320 Ending Inventory Freight In 980 1,900 Interest Expense 490 Miscellaneous Income 1,250 Payroll Taxes Expense 6,900 Purchase Discounts 490 Purchases $2,050 Purchases Returns and Allowances 3,400 Rent Expense 24,000 Salaries Expenses - Office 20,000 Salaries Expenses Sales 25,000 Sales 264,500 Sales Returns and Allowances 4,100 Store Supplies Epense 2,200 Uncollectible Accounts Expense 550 Utilities Expense 6,000 6 Here are some account balances of Bay Footware Inc. for the nine months ended September 30, 2022. Prepare multi step classified Income Statement. (16 marks) Debit Credit Beginning Inventory 12,500 Depriciation Expense - Office Equipment Depriciation Expense - Store Equipment 280 320 Ending Inventory Freight In 980 1,900 Interest Expense 490 Miscellaneous Income 1,250 Payroll Taxes Expense 6,900 Purchase Discounts 490 Purchases $2,050 Purchases Returns and Allowances 3,400 Rent Expense 24,000 Salaries Expenses - Office 20,000 Salaries Expenses Sales 25,000 Sales 264,500 Sales Returns and Allowances 4,100 Store Supplies Epense 2,200 Uncollectible Accounts Expense 550 Utilities Expense 6,000
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