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Accumulated depreciation: Buildings. . 4 0 , 0 0 0 Sales . 3 8 5 , 0 0 0 Accounts payable. . 5 9 ,
Accumulated depreciation: Buildings.SalesAccounts payable.Sales returns.Advertising expense.Buildings..CashInventory.Josh Anderson, ProprietorCRSales discountsDepreciation expenseOffice suppliesAccounts receivableSales allowances.Cost of Goods sold..Property tax expenseStore supplies expenseWages expenseREQUIRED NOTE THAT ALL ACCOUNTS HAVE THEIR NORMAL DEBIT OR CREDIT BALANCES:a Use this information to prepare ONLY the part of a classified, multiplestep income statement under the PERPETUAL SYSTEM that shows only the SALES, COST OF GOODS SOLD, and GROSS PROFIT SECTIONS you are not required to include the operating expenses and net income Account
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