Current Attempt in Progress Cullumber Department Store is located near the Towne Shopping Mall. At the end of the company's calendar year on December 31. 2020 , the following accounts appeared in two of its trial balances. Prepare an income statement. (List other revenues before other expenses. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) CULLUMBER DEPARTMENT STORE Income Statement For the Year Ended December 31, 2020 Total Revenues Sales Revenise E Less 0 : Soles Returms and Allowances Net Sales E Income from Operations Other income and Expense Interest Revenue Expense Net income f (Loss) E eTextbook and Media Prepare a retained earnings statement. (List items that increase retained earnings first.) eTextbook and Media List of Accounts Prepare a classified statement of financial position. 13,440 of the mortgage payable is due for payment next year. (tist Current Assets in reverse order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment.J Prepare a classified statement of funancial position. E13,440 of the mortgage payable is due for payment next year. ftist Current Assets in reverse order of liquidity. List Property. Plant and Equipment in order of Land, Buildings and Equipment.) CULLUMBER DEPARTMENT STORE. Statement of Fieancial Position December 31: 2020 Assts Current Assets E. E. Total Property, Plant and Equipent Total Assets Equity and Liablities Current Liabilities Accounts Piryable E. Interest Payable 0 Equity and Liabilities Current Liabilities Accounts Payable E Interest Payable eTextbook and Media List of Accounts Journalize the adjusting entries that were made. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Journalize the adjusting entries that were made. (Credit account tities are automatically indented when amount is entered. Da nat indent manuibllv. If no entru is reauired celert "Nn Fntrv" for the acraunt titles and enter for the amaunte I Journalize the closing entries that are necessary. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Date Account Titles and Explanation Debit Credit Dec. 31 (Te close accounts with credit balances) Dee. 31 (To close accounts with debit balances) Dec. 31 (To close net income / (loss)) Dec. 31 (To close dividends) Current Attempt in Progress Cullumber Department Store is located near the Towne Shopping Mall. At the end of the company's calendar year on December 31. 2020 , the following accounts appeared in two of its trial balances. Prepare an income statement. (List other revenues before other expenses. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) CULLUMBER DEPARTMENT STORE Income Statement For the Year Ended December 31, 2020 Total Revenues Sales Revenise E Less 0 : Soles Returms and Allowances Net Sales E Income from Operations Other income and Expense Interest Revenue Expense Net income f (Loss) E eTextbook and Media Prepare a retained earnings statement. (List items that increase retained earnings first.) eTextbook and Media List of Accounts Prepare a classified statement of financial position. 13,440 of the mortgage payable is due for payment next year. (tist Current Assets in reverse order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment.J Prepare a classified statement of funancial position. E13,440 of the mortgage payable is due for payment next year. ftist Current Assets in reverse order of liquidity. List Property. Plant and Equipment in order of Land, Buildings and Equipment.) CULLUMBER DEPARTMENT STORE. Statement of Fieancial Position December 31: 2020 Assts Current Assets E. E. Total Property, Plant and Equipent Total Assets Equity and Liablities Current Liabilities Accounts Piryable E. Interest Payable 0 Equity and Liabilities Current Liabilities Accounts Payable E Interest Payable eTextbook and Media List of Accounts Journalize the adjusting entries that were made. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Journalize the adjusting entries that were made. (Credit account tities are automatically indented when amount is entered. Da nat indent manuibllv. If no entru is reauired celert "Nn Fntrv" for the acraunt titles and enter for the amaunte I Journalize the closing entries that are necessary. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Date Account Titles and Explanation Debit Credit Dec. 31 (Te close accounts with credit balances) Dee. 31 (To close accounts with debit balances) Dec. 31 (To close net income / (loss)) Dec. 31 (To close dividends)
