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Hi! can someone help me with an income statement with this information? (first 2 pics journal entry) (second pic is adjusting entries) Debit Account Credit
Hi! can someone help me with an income statement with this information? (first 2 pics journal entry) (second pic is adjusting entries)
Debit Account Credit Account Credit Amount ($) Debit Amount ($) 400,000,000 Cash Common Stock Add paid in capital 20,000,000 380,000,000 2 Salary Expense 5,000,000 Se salary & FICA payable taxes payable 4,225,000 775,000 common stock premium on treasury stock 100,000 2,200,000 cash 2,300,000 cash disscount on issue of bond 97,000,000 3,000,000 bonds payable 100,000,000 cash 50,000,000 u nearned revenue 5 0,000,000 Inventory 253,000,000 Cash Accounts Payable 87,000,000 166,000,000 Accounts Receivable 207,000,000 Sales Revenue 207,000,000 Cost of goods sold 157.000.000 Merchandise Inventory 157,000,000 Information Journal Entries T-Accounts Trial Balance Income Statement Balance JE# Debit Account Credit Account Credit Amount ($) Debit Amount ($) 253,000,000 Inventory Cash Accounts Payable 87,000,000 166,000,000 7 Accounts Receivable 207,000,000 Sales Revenue 207,000,000 Cost of goods sold 157,000,000 Merchandise Inventory 157,000,000 8 prepaid rent expenses 15,600,000 cash 15,600,000 supplies 5,000,000,000 accounts payable 5,000,000,000 10 Patent 21,000,000 Cash 21,000,000 11 Fixed Assests 170,000,000 WHAT MAKES MITHILI Cash Accounts payable 30,000,000 140,000,000 Adjusting Entries Adj 1 interest expense 500.000 Information Journal Entries its Trial Balance Income Statement Balance board Font Alignment Number JE # Debit Account Credit Account Debit Amount ($) Credit Amount ($) Adj 1 interest expense 500,000 Interest payable 500,000 1 Adj 2 Rent expense 1,300,000 Prepaid rent 1,300,000 Adj 3 Supplies expense 1,400,000 supplies 1,400,000 Adj 4 unearned revenue 25,000,000 sales revenue 25,000,000 Adj 5 cost of goods sold 13,250,000 inventory 13,250,000 Adj 6 accounts receivable 11,385,000 allowance for doubtful accounts 11,385,000 Adj 7 3 Adj 8 Information Journal Entries T-Accounts Trial Balance Income Statement Balance Sheet Step by Step Solution
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