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Glent Health Spa prepared the following trial balance at its year-end of September 30, 2016. The company is owned by Wayne Glent. CR Glent Health
Glent Health Spa prepared the following trial balance at its year-end of September 30, 2016. The company is owned by Wayne Glent. CR Glent Health Spa Trial Balance September 30, 2016 Account Titles DR Cash $14,600 Accounts Receivable 6,000 Inventory 6,600 Prepaid Expenses 2,000 Equipment 40,000 Accumulated Depreciation Accounts Payable Unearned Revenue Bank Loan Glent, Capital Glent, Drawings 1,000 Sales Revenue Gain on Sale of Equipment Cost of Sales 30,000 Depreciation Expense 500 Interest Expense 600 Maintenance Expense 1,200 Rent Expense 15,000 Salaries Expense 12,500 Total $130,000 $2,500 8,000 6,000 9,000 38,750 61,750 4,000 $130,000 Prepare a multistep income statement. AP-6B (0) Pakery is a shop that sells different types of pies. The following information is available for the year ending June 30, 2016. $49,000 800 Sales Revenue Maintenance Expense Rent Expense Salaries Expense Cost of Sales Interest Expense 3,000 38,000 11,200 1,000 Prepare the multistep income statement for June 2016
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