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Exercise 13.3 Preparing a classified income statement. LO 13-1 The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise

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Exercise 13.3 Preparing a classified income statement. LO 13-1 The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory amounted to $58,975 on January 1, 2019, and $51.925 on December 31, 2019. The expense accounts numbered 611 through 617 represent selling expenses, and those numbered 631 through 646 represent general and administrative expenses. eBook $246.000 r. 4,270 Dr. J20 CP 182,800 Or 3.5e Cr. 1,720 C Accounts 401 Sales 451 Sales Returns and Allowances 491 Miscellaneous Income 501 Purchases 502 Freight In 503 Purchases Returns and Allowances 504 Purchases Discounts 611 Salaries Expense-Sales 614 Store Supplies Expense 617 Depreciation Expense Store Equipment 631 Rent Expense 63 Utilities Expense 637 Salaries Expense office 640 Payroll Taxes Expense 643 Depreciation Expense Office Equipment 040 Uncollectible Accounts Expense 691 Interest Expense 2,250 Dr. 1,45 Dr. 12,700 Dr 20,300 Dr. 640 Dr. Prepare a classified Income statement for this firm for the year ended December 31, 2019 BRIDGETS OFFICE SUPPLIES Income Statement

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