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Accounts 1. Uncollectible accounts expense 2. Telephone expense 3. Sales returns and allowances 4. Purchases 5. Interest expense 6. Merchandise inventory 7. Interest income
Accounts 1. Uncollectible accounts expense 2. Telephone expense 3. Sales returns and allowances 4. Purchases 5. Interest expense 6. Merchandise inventory 7. Interest income 8. Sales 9. Depreciation expense-Office equipment 10. Rent expense 11. Sales discounts 12. Supplies expense Section of Classified Income Statement Operating expenses Operating expenses Other expenses Cost of goods sold Other expenses Not reported Other income Cost of goods sold Operating revenue Operating expenses Other expenses Operating expenses Cost of goods sold Other expenses 13. Freight in 14. Purchases discounts 15. Purchases returns and allowances Cost of goods sold Accounts 1. Uncollectible accounts expense 2. Telephone expense 3. Sales returns and allowances 4. Purchases 5. Interest expense 6. Merchandise inventory 7. Interest income 8. Sales 9. Depreciation expense-Office equipment 10. Rent expense 11. Sales discounts 12. Supplies expense 13. Freight in 14. Purchases discounts 15. Purchases returns and allowances Section of Classified Income Statement Operating expenses Cost of goods sold Not reported Operating expenses Operating revenue Other expenses Other income Operating revenue Operating expenses Other expenses Operating expenses Cost of goods sold Other expenses Cost of goods sold
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College Accounting
Authors: Heintz and Parry
20th Edition
1285892070, 538489669, 9781111790301, 978-1285892078, 9780538489669, 1111790302, 978-0538745192
