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Figures are presented below from the year-end trial balance of Kwantlen Inspirations, a sole proprietorship owned by Jack Kwantlen, for the year ended January 31,
Figures are presented below from the year-end trial balance of Kwantlen Inspirations, a sole proprietorship owned by Jack Kwantlen, for the year ended January 31, 2020. The business uses a perpetual inventory system. Merchandise Inventory Sales discounts Kwantlen, Drawings Wage Expense. Interest revenue Rent expense Prepaid expense Advertising Expense Sales revenue Freight out.... Kwantlen, Capital Unearned revenues. Cost of Goods Sold. Interest Expense Supplies.. 95,500 12,500 31,200 315,000 2,700 84,000 3,000 24,100 1,240,000 5,300 198,100 11,900 605,000 32,700 105,000 Instructions: Prepare a multiple step income statement, either by typing in the box below or handwriting on a sheet of paper, scanning the page as a PDF file and uploading your solution to Moodle. Note: Excel and word responses will NOT be graded. Answers MUST be handwritten if NOT entering your
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