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i Data Table $ 350,000 160,000 10,500 3,400 13,300 Sales revenue Equipment Accounts payable. Estimated inventory returns. Advertising expense. Interest expense. Salaries payable.. Accounts receivable
i Data Table $ 350,000 160,000 10,500 3,400 13,300 Sales revenue Equipment Accounts payable. Estimated inventory returns. Advertising expense. Interest expense. Salaries payable.. Accounts receivable Building Estimated refund liability Common stock.... Depreciation expense (General) Inventory Commission expense 1,400 1,500 11,000 130,000 5,100 10,000 9,000 28,000 28,000 Cost of goods sold $ 144,200 Accumulated depreciation, equipment.. 89,700 Unearned sales revenue . 3,300 Prepaid rent... 2,000 Office salaries expense (General) 46,000 Accumulated depreciation, building 50,700 Utilities expense (General).. 5,200 Dividends. 5,000 Cash 12,200 Retained earnings, 12/31/2017 45,600 Delivery expense. 1,400 Insurance expense (General) 10,400 Mortgage payable (long-term) 45,000 Supplies... 900 Print Done The account balances for the year ended December 31, 2018, for Johnson, Inc., are listed next: (Click the icon to view the accounts.) Read the requirements. Requirement 1. Prepare Johnson, Inc.'s multistep income statement. Johnson, Inc. Income Statement For the Year Ended December 31, 2018 Net income (loss) Requirement 2. Prepare Johnson Industries, Inc.'s statement of retained earnings. Requirement 2. Prepare Johnson Industries, Inc.'s statement of retained earnings. Johnson, Inc. Statement of Retained Earnings For the Year Ended December 31, 2018 Add: Subtotal Less: Requirement 3. Prepare Johnson Industries, Inc.'s classified balance sheet in report form. Start by completing the asset portion of the statement, and then complete the liabilities and stockholders' equity sections of the statement Johnson, Inc. Balance Sheet December 31, 2018 Assets The account balances for the year ended December 31, 2018, for Johnson, Inc., are listed next: (Click the icon to view the accounts.) Read the requirements. Total assets Liabilities 1 lll III Total liabilities Stockholders' Equity Total liabilities and stockholders' equity
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