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McGraw Hill Simnet x G Create a custom number filter x d) How to Use Custom Filters in | x - CengageNOWv2 | Assignment x CengageNOWv2 | Online teach x + C A v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false A 1: Apps M SIMnet - Keep IT... Legal Environme Cavas Meeting | Micros... Login MindTap - Cenga... CengageNOWv2... My Home M SIMnet - Assign... Course Hero Chapter 5 Homework eBook Print Item Multiple-step income statement and balance sheet ? 1. PR.05.03B.ALGO Instructions Labels and Amount Descriptions Income Statement Statement of Stockholders' Equity 2. PR.05.05A.BLANKSHEET.A... Instructions X The following selected accounts and their current balances appear in the ledger of Clairemont Co. for the fiscal year ended May 31, 20Y2: Cash $243,100 Accounts receivable 964,900 Inventory 1,788,600 Estimated returns inventory 21,200 Office supplies 17,800 Prepaid insurance 8,400 Office equipment 825,900 Accumulated depreciation-office equipment 543,800 Store equipment 3,609,700 Accumulated depreciation-store equipment 1,814,900 Accounts payable 356,300 Customer refunds payable 39,200 Salaries payable 44,100 Note payable (final payment due in 6 years) 289,000 Common stock 500,900 Retained earnings 3,143,700 Dividends 94,200 Check My Work 2 more Check My Work uses remaining. Previous Progress: 2/2 items Assignment Score: 0.0% All work saved. Save and Exit Submit Assignment for GradingMcGraw Hill Simnet x G Create a custom number filter x d) How to Use Custom Filters in | x - CengageNOWv2 | Assignment x CengageNOWv2 | Online teach x + C A v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false A 1: Apps M SIMnet - Keep IT... Legal Environme Cavas Meeting | Micros... Login MindTap - Cenga... CengageNOWv2... My Home M SIMnet - Assign... Course Hero Chapter 5 Homework eBook Print Item Multiple-step income statement and balance sheet ? 1. PR.05.03B.ALGO Instructions Labels and Amount Descriptions Income Statement Statement of Stockholders' Equity 2. PR.05.05A.BLANKSHEET.A... Instructions X Sales 11,281,200 Cost of goods sold 7,858,000 Sales salaries expense 917,600 Advertising expense 551,900 Depreciation expense-store equipment 149,700 Miscellaneous selling expense 36,600 Office salaries expense 668,600 Rent expense 99,800 Depreciation expense-office equipment 56,200 Insurance expense 38,600 Office supplies expense 32,700 Miscellaneous administrative expense 7,900 Interest expense 21,700 Required: 1. 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. For those boxes in which you must enter subtracted or negative numbers use a minus sign. 2. Prepare a statement of stockholders' equity. Additional common stock of $75,000 was issued during the year ended May 31, 20Y2. Refer to the Check My Work 2 more Check My Work uses remaining. Previous Progress: 2/2 items Assignment Score: 0.0% All work saved. Save and Exit Submit Assignment for GradingMcGraw Hill Simnet x G Create a custom number filter x d) How to Use Custom Filters in | x - CengageNOWv2 | Assignment x CengageNOWv2 | Online teach x + C A v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false A 1: Apps M SIMnet - Keep IT... Legal Environme Cavas Meeting | Micros... Login MindTap - Cenga... CengageNOWv2... My Home M SIMnet - Assign... Course Hero Chapter 5 Homework eBook Print Item Multiple-step income statement and balance sheet ? 1. PR.05.03B.ALGO Instructions Labels and Amount Descriptions Income Statement Statement of Stockholders' Equity 2. PR.05.05A.BLANKSHEET.A... Instructions X Rent expense 99,800 Depreciation expense-office equipment 56,200 Insurance expense 38,600 Office supplies expense 32,700 Miscellaneous administrative expense 7,900 Interest expense 21,700 Required: 1. 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. For those boxes in which you must enter subtracted or negative numbers use a minus sign. 2. Prepare a statement of stockholders' equity. Additional common stock of $75,000 was issued during the year ended May 31, 20Y2. Refer to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign. 3. Prepare a balance sheet, assuming that the current portion of the note payable is $42,000. 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. For those boxes in which you must enter subtracted or negative numbers use a minus sign. 4. Briefly explain how multiple-step and single-step income statements differ. Progress: 2/2 items Check My Work 2 more Check My Work uses remaining. Previous Assignment Score: 0.0% All work saved. Save and Exit Submit Assignment for Grading
