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Hello! Can someone please help with all 4 parts of the question please? Thank you! All of the information needed is provided in the pictures,
Hello! Can someone please help with all 4 parts of the question please? Thank you!
All of the information needed is provided in the pictures, apologies for the small writing
Multiple-step income statement and balance sheet The following selected accounts and their current balances appear in the ledger of Kanpur Co, for the fiscal year ended June 30 , 20Y7: Cash $92,000450,000370,000 Accounts Receivable Inventory Estimated Returns Inventory Office Supplies Prepaid Insurance Office Equipment Accumulated Depreciation-Office Equipment Store Equipment Accumulated Depreciation - Store Equipment Accounts Payable Salaries Payable Customer Refunds Payable Estimated Coupons Payable 450,000 370,000 5,000 10,000 12,000 220,000 58,000 650,000 87,500 35,500 4,000 10,000 3,000 Note Payable (final payment due in 20 years) 140,000 Common Stock 50,000 Retained Earnings 381,000 Required: 1. Prepare a multiple-step income statement. Kanpur Co. Income Statement For the Year Ended June 30, 20Y7 Expenses: Selling expenses: Total selling expenses Administrative expenses: Administrative expenses: Total administrative expenses Total operating expenses 2. Prepare a statement of stockholders' equity. Additional common stock of $7,500 was issued during the year ended June 30,20Y7. Kanpur Co. Statement of Stockholders' Equity 2. Prepare a statement of stockholders' equity. Additional common stock of $7,500 was issued during the year ended June 30 , 2047 . 3. Prepare a balance sheet, assuming that the current portion of the note payable is $7,000. KANPUR CO. Balance sheet June 30,20Y 3. Prepare a balance sheet, assuming that the current portion of the note payable is $7,000. Property, plant, and equipment: Total property, plant, and equipment Total assets Liabilities Current fiabilities: Total current liabilities Long-term labilities: Total itabulities Stockholders' equity Total stockiolders' equity Total habilties and stochaliders' equity 4. Which type of incorne statement shows intermediate balances? Multiple-step income statement and balance sheet The following selected accounts and their current balances appear in the ledger of Kanpur Co, for the fiscal year ended June 30 , 20Y7: Cash $92,000450,000370,000 Accounts Receivable Inventory Estimated Returns Inventory Office Supplies Prepaid Insurance Office Equipment Accumulated Depreciation-Office Equipment Store Equipment Accumulated Depreciation - Store Equipment Accounts Payable Salaries Payable Customer Refunds Payable Estimated Coupons Payable 450,000 370,000 5,000 10,000 12,000 220,000 58,000 650,000 87,500 35,500 4,000 10,000 3,000 Note Payable (final payment due in 20 years) 140,000 Common Stock 50,000 Retained Earnings 381,000 Required: 1. Prepare a multiple-step income statement. Kanpur Co. Income Statement For the Year Ended June 30, 20Y7 Expenses: Selling expenses: Total selling expenses Administrative expenses: Administrative expenses: Total administrative expenses Total operating expenses 2. Prepare a statement of stockholders' equity. Additional common stock of $7,500 was issued during the year ended June 30,20Y7. Kanpur Co. Statement of Stockholders' Equity 2. Prepare a statement of stockholders' equity. Additional common stock of $7,500 was issued during the year ended June 30 , 2047 . 3. Prepare a balance sheet, assuming that the current portion of the note payable is $7,000. KANPUR CO. Balance sheet June 30,20Y 3. Prepare a balance sheet, assuming that the current portion of the note payable is $7,000. Property, plant, and equipment: Total property, plant, and equipment Total assets Liabilities Current fiabilities: Total current liabilities Long-term labilities: Total itabulities Stockholders' equity Total stockiolders' equity Total habilties and stochaliders' equity 4. Which type of incorne statement shows intermediate balances Step by Step Solution
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