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classification 7 and 6 are not needed cash 240,000 accounts receiveable 966,000 inventory 1,425,000 office supplies 13,500 prepaid insurance 8,000 office equipment 830,000 accumulate depreciation

image text in transcribed
classification 7 and 6 are not needed
cash 240,000
accounts receiveable 966,000
inventory 1,425,000
office supplies 13,500
prepaid insurance 8,000
office equipment 830,000
accumulate depreciation equipment
image text in transcribed
9:53 2316 Chpt 4 Canvas MultipleSt... Problem sincome Sheet1 Sneet4 Problem Prepare the Multiple Step Income Statement using the information provided below. Use the format shown in Mon Page 157. Exhibit 14.13 A 3-line tide is required, very limited usage of dollar signs and double ruled lines are required. The statement is for the year 2019 for the Claremont Co. Your work must be neat. Draw 2 columns for the proper alignment of figures. Your format must be professional looking To prepare the Multiple-Step Income Statement, the student must select the correct accounts from the list of accounts and dollar amounts shown below. The student will not use all the information below, only the information required to prepare an accurate Multiple-Step Income Statement Please use notebook paper and pencil, then take a PG photo to upload to Canvas Gradebook. Total points = 40 Cash Accounts Receivable Inventory Office Supolos Prepaid Insurance Office Equipment Accumulate pepreciation Equipment Store Equipent Accumulate Depreciation Store Equipment Accounts Payable Salaries Payable Note Payable (short term Note Payablong term) Common Sides Retained Emnings (January 1, 2010) Dividends Sales Sales Discounts Sales Returns and Allowances Cost of Goods Sold Sales Salaris Expense Advertising Expense Depreciation Expense-Sidre Equipmen Miscellaneos Selling Expense Omce Salanes Expense Rent Expert Admi Depreciation Expense-Off ce Equipmed Insurance Epense (Adm Office Supplies Expense Miscellaneous Administrave Expense Interest Expense Classificati Interest Revenue Classificati 240.000 966.000 1.425.000 13.500 8.000 830.000 550.000 37600.000 1820,000 325.000 41.500 300.000 664.000 500.000 2.949, 100 100.000 11.343.000 175.000 90.000 7 850.000 916.000 550.000 140,000 30.000 650.000 94 000 50.000 48.000 23.100 14.500 21,000 21.000 46 Dashboard Calendar To Do Notifications Inbox Prepare the Multiple Step Income Statement using the information provided below. Use the format shown in MH on Page 157. Exhibit 14.13 A 3-line title is required, very limited usage of dollar signs and double ruled lines are required. The statement is for the year 2019 for the Claremont Co. Your work must be neat. Draw 2 columns for the proper alignment of figures. Your format must be professional looking To prepare the Multiple-Step Income Statement, the student must select the correct accounts from the list of accounts and dollar amounts shown below. The student will not use all the information below, only the information required to prepare an accurate Multiple-Step Income Statement Please use notebook paper and pencil, then take a JPG photo to upload to Canvas Gradebook. Total points = 40 Cash Accounts Receivable Inventory Office Supplies Prepaid Insurance Office Equipment Accumulate Depreciation Equipment Store Equipment Accumulated Depreciation Store Equipment Accounts Payable Salaries Payable Note Payable (short term Note Payable (long term) Common Stock Retained Eanings (January 1, 2019) Dividends Sales Sales Discounts Sales Returs and Allowances Cost of Goods Sold Sales Salaries Expense Advertising Expense Depreciation Expense-Store Equipment Miscellaneous Selling Expense Office Salaris Expense Rent Expendle (Adm) Depreciation Expense-Offce Equipment Insurance Epense (Adm Office Supplies Expense Miscellaneous Administrative Expense Interest Expense (Classificatidn 7) Interest Revenue (Classification 6) 240.000 966.000 1.425.000 13,500 8.000 830,000 550.000 3.600.000 1,820,000 326.000 41.500 300,000 664,000 500.000 2.949.100 100,000 11,343,000 175.000 90.000 7,850,000 916,000 550.000 140,000 38.000 650.000 94.000 50,000 48,000 28.100 14,500 21,000 21,000 1

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