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Create a multiple-step income statement 47,700 1,500 162,375 4,200 40,000 90,000 48,700 4,000 4,800 100,500 470,000 Flowers Inc. Adjusted Trial Balance 31-Dec-19 Cash Petty Cash
Create a multiple-step income statement
47,700 1,500 162,375 4,200 40,000 90,000 48,700 4,000 4,800 100,500 470,000 Flowers Inc. Adjusted Trial Balance 31-Dec-19 Cash Petty Cash Accounts Receivable Allowance for doubtful accounts Notes receivable (due 9/30/20) Inventory Estimated Returns Inventory Supplies Prepaid Insurance Land Equipment Accumulated Depreciation Accounts Payable Salaries payable Customers refunds payable Income taxes payable Bonds payable, due 12/31/2029 Premium on bonds payable Common Stock, $2 par, 100,000 shares authorized Paid in capital in excess of par--Common Stock Treasury Stock--Common, 550 shares at cost Retained Earnings, 1/1/2019 Cash dividends Sales Cost of goods sold Selling expenses Administrative expenses Interest revenue Interest expense Income taxes expense 70,700 63,150 13,600 51,700 21,070 300,000 6,000 88,000 12,000 55,000 393,300 15,000 2,310,205 1,682,250 356,200 242,700 6,000 13,000 6,200 3.339.925 3.339.925 Step by Step Solution
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