E5-9

E5-11 Toys Operating en Profit from operations Other expenses (c) 5.000 (d) 10,000 63,000 (1) 41.000 Profit Instructions Determine the missing amounts. 9 Credit Prepare single-step and multiple step income statements, closing entries, and post-closing trial balance-perpetual system. (S04,5) AP Debit $ 75,700 100,000 70,000 450,000 Net sales Cost of god Profit from Profit Instructions (a) Calculate the g (b) Recalculate pro (c) Comment on * E5-12 Data for Ola Instructions (a) Prepare the jo periodic inver (b) Prepare the jo periodic inver $ 135,000 8,000 175,000 235,000 150,000 Cash Notes receivable Merchandise inventory Equipment Accumulated depreciation-equipment Unearned revenue Notes payable C. Lefebvre, capital C. Lefebvre, drawings Interest revenue Rent revenue Sales Advertising expense Cost of goods sold Depreciation expense Freight out Insurance expense Interest expense Salaries expense Sales discounts Sales returns and allowances 10,000 24,000 1,980,000 55,000 851,500 45,000 25,000 15,000 10,500 650,000 9,900 59.400 $2,567,000 * E5-13 Data for Pip Instructions (a) Prepare the jo a periodic in (b) Prepare the periodic inve *E5-14 Memories ventory system. DL July 2 Purchas- ping poi 3 Returne from Su 4 Paid $50 8 Sold me 11 Paid Su 15 Sold me 25 Receive 31 Memor Instructions (a) Record the (b) What was $2,567,000 Prepare financial state ments and calculate ratios-perpetual system. (SO 5,6) AP Instructions a) Prepare a single-step income statement. Xb) Prepare a multiple-step income statement. (c) Prepare closing entries and a post-closing trial balance. E5-10 An alphabetical list of Rikard's adjusted accounts at its fiscal year end, August 31, 2014, follows. All accounts have normal balances. ESL The following is information from Lefebvre Company's adjusted trial balance at December 31, 2014