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A partial work sheet for The Fan Shop is presented here. The merchandise inventory at the beginning of the year was $52,300. P. G. Ochoa,
A partial work sheet for The Fan Shop is presented here. The merchandise inventory at the beginning of the year was $52,300. P. G. Ochoa, the owner, withdrew $30,500 during the year. ACCOUNT NAME The Fan Shop Work Sheet For Year Ended December 31, 20-- Sales Sales Returns and Allowances Sales Discounts Interest Income Purchases Purchase Returns and Allowances Freight In Wages Expense Rent Expense Commissions Expense Supplies Expense Interest Expense Income Summary Insurance Expense Depreciation Expense, Building Depreciation Expense, Equipment INCOME STATEMENT DEBIT 3,400.00 2,707.00 201,490.00 9,790.00 46,240.00 12,610.00 8,310.00 1,842.00 854.00 52,300.00 1,240.00 4,600.00 2,600.00 CREDIT 324,000.00 1,830.00 2,880.00 54,580.00 G.
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