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hi I need help filling these tables out I'm really confused I have attached the problem below Instructions The following selected accounts and their current

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hi I need help filling these tables out I'm really confused I have attached the problem below

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Instructions The following selected accounts and their current balances appear in the ledger oI Clairemont Co. tor the fiscal year ended May 31 , 2019: Cash :5 240,000 Accounts Receivable 966,000 Merchandise Inventory 1,690,000 Estimated Returns Inventory 22,500 Otiice Supplies 13,500 Prepaid Insurance 8,000 Oice Equipment 830,000 Accumulated DepreciationOice Equipment 550,000 Store Equipment 3,600,000 Accumulated Depreciation-Store Equipment 1,820,000 Accounts Payable 326,000 Customer Refunds Payable 40,000 Salaries Payable 41,500 Note Payable (Iinal payment due 2022) 300,000 Kristina Marble, Capital 3,449,100 Kristina Marble, Drawing 100,000 Sales 11,343,000 Cost or Merchandise Sold 7,850,000 Sales Salaries Expense 916,000 Advertising Expense 550,000 Depreciation Expense-Store Equipment 140,000 Miscellaneous Selling Expense 38,000 OtIice Salaries Expense 650,000 Rent Expense 94,000 Depreciation Expense-Oice Equipment 50,000 Insurance Expense 48,000 Oice Supplies Expense 28,100 Miscellaneous Administrative Expense 14,500 Interest Expense 21,000 Required: 1. Prepare a multiple-step income statement. in the Other expenses section only, enter amounts that represent other expenses as negative numbers using a minus sign. \" 2. Prepare a statement of owner's equity. Enter amounts that represent reduction as negative numbers using a minus sign. * 3. Prepare a report form of balance sheet, assuming that the current portion at the note payable is $50, 000. \"Less\" or \"Plus\" will automatically appear if it is required.' 4. How multiple-step and singlestep income statements dier. 'Be sure to complete the statement headings. Refer to the problem data and the list or Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. A colon (:) will automatically appear if it is required. Income Statement Prepare a multiple-step income statement. Be sure to complete the statement heading. Refer to the problem data and the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. A colon (:) will automatically appear if it is required. In the O expenses section only, enter amounts that represent other expenses as negative numbers using a minus sign. Clairemont Company Income Statement (Label) W N E 4 (Label) 5 Selling expenses: 10 11 Administrative expenses: 12 13 16 18 21 (Label) 22 23Balance Sheet Prepare a report form of balance sheet. Be sure to complete the statement heading. Refer to the problem data and the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. Order the Property, Plant & Equipment accounts Instructions page. A colon (:) will automatically appear if it is required. "Less" or "Plus" will automatically appear if it is required. Clairemont Company Balance Sheet (Label) 1 Assets 2 (Label 10 (Label) 12 13 14 15 16 17 Liabilities 18 (Label) 19 20 21 22 23 24 (Label) 25 26 27 Owner's Equity 28 29Statement of Owner's Equity Prepare a statement of owner's equity. Enter amounts that represent reduction as negative numbers using a minus sign. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. A colon (:) will automatically appear if it is required. Clairemont Company Statement of Owner's Equity (Label) A WN

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