Hi, I can't figure out what the depreciation expense should be? Should the Accumulated Depreciation be left at 13,655? This is making it hard for me to balance the Adjusted trial balance. I don't even know what the final balance total should be.

CHAPTER 5 Accounting for Merchandising Activities Arquired 1. Record adjusting entries for the following information. a. A review of the store supplies on December 31, 2017, revealed a balance on hand of $2,000; a similar examination of the office supplies showed that $640 had been used. b. The balance in the Prepaid Insurance account was reviewed and it was determined that $255 was unused at December 31, 2017. c. The records show that the equipment was estimated to have a total estimated useful life of 10 years with a resale value at the end of its life of $14,490. d. Accrued salaries payable, $1,800. e. A count of the merchandise inventory revealed a balance on hand December 31, 2017, of $33,800. 2 Using adjusted trial balance numbers, prepare a multiple-step income statement showing the ex- penses in detail. Analysis Component: Explain why Interest income is shown under Other revenues and expenses on the multiple-step income statement. Problem 5-5A Income statement calculations and formats-perpetual LOS CHECK FIGURE: 1. Income from operations = $55,000 The following amounts appeared on Davison Company's adjusted trial balance as of October 31, 2017, the end of its fiscal year: Debit Credit $ 16,000 Merchandise inventory . 256,800 Other assets...... $ 78,400 abilities. 203.280credit memo from Are printing s prig Recevid believe due from forven Huby for the August 5 Bak Purchased office equipment from weuto on credit $6,090, n/45. Paid the amount due Jane Co. for the August 8 purchase. . A count of the merchandise inventory recaled s be $33,800 14 Bald earrings to Chic Juelery for $3,800 ender credit terms of 1/10. 5/3d, FOB shipping point. Tra merchandise had cost $440. Gile Janeley requested a price reduction on the August 14 sale because the merchandise gad not my Specifications. Sort Chic Jewellery a credit memo for $300 to progive the issue. 2. Using adjusted trial balance mumbers, prepare a madple penises in detail Hecarved Chic Jewellery's payment of the amount cue from the August 19 purchase. Paid Lou Company the amount due from the August 1 purchase. Analysis Component: Explain why latered income is shown multiple-step income statement. Problem 5:4A Adjusting entries and multi-stop income statement-perpetual LOS Xcel Problem 5-5A Income statement calculations and formats CHECK FIGURES: 1. Income statement columns = $529,310; 2. Profi = $5,025 CHECK FIGURE: 1. Income from operations . $05,009 Information from the unadjusted trial balance of Jumbo's on December 21, 2017, the end of the apart The following amounts appeared on Davison Company's art end of its fiscal year: accounting period, is as follows Merchandise Twenty Debit Credit Other avsets Liabilities. $ 8.100 Brenda Division, capital Accounts receivable 32,605 Brenda Davison, withdrewis Merchandise Inventory .. 34,600 liberest income Store Supplies 3.415 Office supplies... 375 Sales discounts Prepaid insurance... 3,265 Soit's returns and alowances Equipment .... 74,490 Cost of goods sold Accumulated depreciation, roulpment $ 13,655 Accounts payable Rent muponce, selling space Salaries payable Store Supplies expanse Sally Fowler, capital... 168, 465 Sally Fowler, withdrawals 62.000 Office walkin prent. Interest income.. 310 Reat export, oflich space Sales. 524,000 Office supplies caponan Sales returns and allowances 5.070 Tola's.. Cost of goods sold.. 381.160 Salaries caperise .. 46.300 Required Rent emponet..... 29,100 1. Prepare a classified, multiple-step income Supplies expense.. Depreciation expense, equipment.. the company's net sales, cost of goods so Insurance expense .. amounts of selling expenses and general as Totals........ $719,930 $719,930 2. Present a condensed single-step income st goods sold, selling expenses, and general 370