Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Adjusted Trial Balance#AccountDebitCredit201Accounts payable750 106Accounts receivable1,200 166Accumulated depreciation, store equipment4,600 101Cash2,100 502Cost of goods sold14,800 612Depreciation expense, store equipment120 301Peter Delta, capital1,935 302Peter Delta, withdrawals4,600
Adjusted Trial Balance#AccountDebitCredit201Accounts payable750 106Accounts receivable1,200 166Accumulated depreciation, store equipment4,600 101Cash2,100 502Cost of goods sold14,800 612Depreciation expense, store equipment120 301Peter Delta, capital1,935 302Peter Delta, withdrawals4,600 406Rent revenue2,500 413Sales29,400 415Sales discounts45 414Sales returns and allowances720 165Store equipment7,200 690Utilities expense2,100 623Wages expense6,300 Totals39,185 39,185
need to fill the above income statment
need answer
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started