Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How should this look in the end? looking for something to cross check against, thanks. Bleeker Street Bounty Work Sheet (partial) For the year ended

image text in transcribedimage text in transcribed

How should this look in the end? looking for something to cross check against, thanks.

Bleeker Street Bounty Work Sheet (partial) For the year ended December 31, 20- Income Statement Balance Sheet Account Title Debit Debit Credit Credit Cash Accounts Receivable Merchandise Inventory Store Supplies Office Supplies Prepaid Insurance Store Equipment Accumulated Depreciation-Store Equipment Office Equipment Accumulated Depreciation-Office Equipment Accounts Payable Saiaries Payable Long-Term Notes Payable Carlo Perez, Capital Carlo Perez, Drawing Income Summary Sales Sales Returns and Allowances Purchases Purchases Returns and Allowances Purchases Discounts Sales Salary Expense (selling) Office Salary Expense (general) Store Supplies Expense (selling) 12,300 25,000 16,000 1,100 600 1,500 66,000 38,000 18,000 10,000 22,300 400 36,000 50,600 32,000 17,000 16,000 61,500 500 23,000 700 400 9,200 10,500 300 nt Congage Leamng Powered by Cognero Page 39 Thentnm, SHahement nd alanceR Sheut coluumns beloua areeom t Loor bhut&Bker Sheh Bownhy er tht year ended December 31, 20- Required: Using the work sheet, compute (a) total curest assets, (b) working capital, (t) current ratio, and () accoants receivable tumover. (Acoounts receivable balance on January 1, 20-was $23,200) Rousd to 2 decinal places. All sales are on account. Bleeker Street Beanty Work Sheet (partial) For the year ended December 31, 20 Incone Statement Balance Sheet Aceount Tidle Debit Credit Debit 12,300 25000 16000 Credi Cash Accounts Receivable Merchandise Imventory Store Supplies Office Supplies Prepaid Insurances Store Lquipment Accumuiated Depreciacion-Store Equipment oice Equipment Accumulated Depreciation Office Equipment Accounts Payable Salaries Payable Lang-Term Notes Payable Cario Perez, Capital Carlo Perez, Drawing Income Summary Sales Sales Returne and Allewances Purchases Purchases Retums and Allowances Purchases Disoounts Sales Salary Experme (selling) oice Salary Expense (general) Siere Supplies Expere (selling) ge ag Powed ay Cosero 600 1500 66000 38,000 18000 22,300 360 32000 17,000 16000 61500 500 23000 700 400 9200 10.300 300 Page 3 Ce so

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting Theory And Practice

Authors: R. Palaniappan, N. Hariharan

1st Edition

9380578342, 978-9380578347

More Books

Students also viewed these Accounting questions