Question
all but the last portion was answered correctly. below is an image of the incorrect parts I need answered Problem 5-4A (Part Level Submission) Wolford
all but the last portion was answered correctly. below is an image of the incorrect parts I need answered
Problem 5-4A (Part Level Submission)
Wolford Department Store is located in midtown Metropolis. During the past several years, net income has been declining because suburban shopping centers have been attracting business away from city areas. At the end of the companys fiscal year on November 30, 2017, these accounts appeared in its adjusted trial balance.
Accounts Payable | $ 38,592 | |
Accounts Receivable | 24,768 | |
Accumulated DepreciationEquipment | 97,920 | |
Cash | 11,520 | |
Common Stock | 50,400 | |
Cost of Goods Sold | 884,592 | |
Freight-Out | 8,928 | |
Equipment | 226,080 | |
Depreciation Expense | 19,440 | |
Dividends | 17,280 | |
Gain on Disposal of Plant Assets | 2,880 | |
Income Tax Expense | 14,400 | |
Insurance Expense | 12,960 | |
Interest Expense | 7,200 | |
Inventory | 37,728 | |
Notes Payable | 62,640 | |
Prepaid Insurance | 8,640 | |
Advertising Expense | 48,240 | |
Rent Expense | 48,960 | |
Retained Earnings | 20,448 | |
Salaries and Wages Expense | 168,480 | |
Sales Revenue | 1,301,760 | |
Salaries and Wages Payable | 8,640 | |
Sales Returns and Allowances | 28,800 | |
Utilities Expense | 15,264 |
Prepare a multiple-step income statement. (List other revenues before other expenses.)
ley PLUS Kimmel, Accounting, 6e Read, Study & Practice Assignment Gradebook ORION nment Open Assignment Income Tax Expense GNMENT RESOURCES Advertising Expense roblem 5-2A Problem 5-4A (Part Rent Expense T Total Operating Expenses evel Submission Income From Operations Other Revenues and Gains Gain on Disposal of Plant Other Expenses and Losses Interest Expense Income Before Income Taxes Income Tax Expense Net Income (Loss) sHow LIST or AccoUNTS PRII CALCULATOR FULL scREEN PRINTER VERSION 48,240 48,960 343872 47376Step by Step Solution
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