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Cash Accounts Receivable Inventory Estimated Returns Inventory Office Supplies Prepaid Insurance Office Equipment $90,000 Retained Earnings 450,000 Dividends 370,000 Sales ! 5,000 Cost of Goods
Cash Accounts Receivable Inventory Estimated Returns Inventory Office Supplies Prepaid Insurance Office Equipment $90,000 Retained Earnings 450,000 Dividends 370,000 Sales ! 5,000 Cost of Goods Sold/ 10,000 Sales Salaries Expense 12,000 Advertising Expense 220,000 Depreciation Expense - Store Equipment 58,000 Miscellaneous Selling Expense $379,000 300,000 8,925,000 5,620,000 850,000 420,000 33,000 18,000 Accumulated Depreciation Office Equipment Store Equipment Accumulated Depreciation - Store Equipment Accounts Payable Customers Refunds Payable 650,000 Office Salaries Expense 87,500 Rent Expense 1 540,000 48,000 24,000 10,000 Salaries Payable ! Note Payable (Final payment due 2034) Common Stock 38,500 Insurance Expense 10,000 Depreciation Expense - Office Equipment 4,000 Office Supplies Expense 140,000 Miscellaneous Administrative Expense 50,000 Interest Expense V 4,000 6,000 12,000 a. Prepare a multi-step income statement (with proper formatting) a Kantar co
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