Accounting Procedures Review Part B: Financial Statements The accounts of Bear Appliances are listed along with their adjusted balances before closing for the month ended June 30, 2021. Prepaid Expenses Inventory Note payable, long-term 2,400 Accounts payable 16,700 39,000 Accounts receivable 33,600 46,000 Accumulated depreciation 37,700 Salary payable 2,700 Bear, Capital, June 1 74,100 Supplies Expense 2,500 Bear, Drawing 20,000 Depreciation Expense 7,500 Cash 9,000 Sales revenue 400,000 Cost of goods sold 175,000 Rent Expense 38,000 Equipment 135,2001 Supplies 6,000 Salaries Expense 80,000 Unearned sales revenue 13,800 Notes payable, short-term 1,200 Sales Returns & Allowances 40,000 Sales Discounts 4,000 Requirements: 1. Prepare a multi-step income statement 2. Prepared the statement of owner's equity 3. Prepared a classified balance sheet Accounting Procedures Review Part B: Financial Statements The accounts of Bear Appliances are listed along with their adjusted balances before closing for the month ended June 30, 2021. Prepaid Expenses Inventory Note payable, long-term 2,400 Accounts payable 16,700 39,000 Accounts receivable 33,600 46,000 Accumulated depreciation 37,700 Salary payable 2,700 Bear, Capital, June 1 74,100 Supplies Expense 2,500 Bear, Drawing 20,000 Depreciation Expense 7,500 Cash 9,000 Sales revenue 400,000 Cost of goods sold 175,000 Rent Expense 38,000 Equipment 135,2001 Supplies 6,000 Salaries Expense 80,000 Unearned sales revenue 13,800 Notes payable, short-term 1,200 Sales Returns & Allowances 40,000 Sales Discounts 4,000 Requirements: 1. Prepare a multi-step income statement 2. Prepared the statement of owner's equity 3. Prepared a classified balance sheet