Question
Cash $ 26,500Sales$ 1,500,000 Notes Receivable50,000Sales Returns & Allowances21,000 Accounts Receivable 62,000Sales Discounts 11,000 Merchandise Inventory100,000Cost of Merchandise Sold1,070,000 Office Supplies 2,600Sales Salaries Expense 210,000
Cash $ 26,500Sales$ 1,500,000
Notes Receivable50,000Sales Returns & Allowances21,000
Accounts Receivable 62,000Sales Discounts 11,000
Merchandise Inventory100,000Cost of Merchandise Sold1,070,000
Office Supplies 2,600Sales Salaries Expense 210,000
Prepaid Insurance6,800Advertising Expense28,300
Office Equipment64,000Depreciation Expense -
Accumulated Depreciation -Store Equipment4,600
Office Equipment10,800Miscellaneous Selling Expense1,100
Store Equipment 117,500Office Salaries Expense 41,000
Accumulated Depreciation -Rent Expense22,150
Store Equipment48,600Insurance Expense12,750
Accounts Payable27,000Depreciation Expense -
Salaries Payable2,000Office Equipment9,000
Note Payable (10 years)30,000Office Supplies Expense900
Capital Stock 60,000Miscellaneous Admin Expense1,200
Retained Earnings 208,000Interest Revenue5,000
Dividends25,000Interest Expense4,000
How would This information be put into:
1. multiple-step income statement
2. retained earnings statement
3. balance statement
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