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D M H Use the following adjusted trial balance and additional information to complete the requirements: 15,400 8,950 1,200 68,000 Company XYZ Adjusted Trial Balance
D M H Use the following adjusted trial balance and additional information to complete the requirements: 15,400 8,950 1,200 68,000 Company XYZ Adjusted Trial Balance December 31, 2020 Cash 19,200 Merchandise Inventory 51,000 Store Supplies 950 Equipment 43,500 Accumulated depreciation, equipment 1 Accounts payable 2 Salaries payable 3 Claire Smith, Capital 4 Claire Smith, Withdrawals 7,000 5 Interest Income 6 Sales 6,100 7 Sales Discounts B Sales Returns and Allowances 4,000 e Cost of Goods Sold 150,000 3,850 Depreciation expense, store equipment 1,600 1 Depreciation expense, office equipment 28 300 Sales salaries expense Part 1 Part 2 + Part 3 400 326,000 + 2 O j Type here to search A G B 19 Cost of Goods Sold 20 Depreciation expense, store equipment 21 Depreciation expense, office equipment 22 Sales salaries expense 23 Office salaries expense 24 Insurance expense 25 Rent expense (70% is store, 30% is office) 26 Store supplies expense 27 Advertising expense Totals 150,000 3,850 1,600 28.300 29,800 13,500 27,000 5,750 28,400 419,950 419,950 28 29 30 Company XYZ showed the following additional information regarding merchandising activities for 2020: 31 32 Invoice cost of merchandise purchases 137,000 33 Purchase discounts 2,600 34 Purchase returns and allowances 3,200 35 Transportation - in 3,950 36 37 1. Use the additional information to calculate the total cost of merchandise purchases 38 2. Prepare a 2020 classified multi-step income statement for internal use. (Use the example in your text book) 39 3. Present a single step income statement for 2020. (Use the example in the textbook) Coloul to the dragonrofit ratio for Camnany YVZ roundto 2 denimolnlne Part 1 Part 2 Part 3 an O to search
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