Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I need the income statement using this data if you need the general journal posted plz comment if you need the general journal plz comment
I need the income statement using this data
if you need the general journal posted plz comment
if you need the general journal plz comment and let me know
For Month Ended Date. Year Adjustments Dr. Cr. Cr. 472 744 553 Unadjusted Trial Balance Dr. Cr. 144455 31 970 54,650 3 104 1.248 1659 5720 658 16,5801 2,268 96.882 132,534 7.000 156 422 175 350 99910 3291 Account Titles Cash Accounts recevable Merchandise inventory Store supplies Office supplies Prepaid insurance Office equipment Accumulated depreciation Office Equipment Store Equipment Accumulated depreciation Store Equipment Accounts payable D.Spark Capital Spark, Wihdraws Sales revenue Sales retums and allowances Sales discounts 6. Cost of Goods Sold 7 Depreciation expense Office Equipment 8 Depreciation expense-Store Equipment 9 Store supplies expense 0 Office supplies expense 51 Insurance expense 52 Rent expense Selling space 33 Rent expense-Office space 34 Salanes expense. Sales 35 Salaries expense. Office 36 Utilities expenso Electric 37 38 Sub total 39 Net income 40 Totals Adjusted Trial Balance Dr. 144,455 31970 54 660 2.632 504 1.106 5720 390 16,580 2.835 96,882 132 534 7.000 156 422 1251 350 99.910 329 567 567 Balance Sheet & Statement of Income Statement Owner's Equity Dr. Cr. Dr. Cr. 144,455 31,970 54 660 2.632 504 1.106 5.720 690 16.580 2835 96.882 132,534 7.000 166,422 176 360 99.910 329 567 472 744 553 2.968 742 10 640 6,300 1,283 3291 567 472 744 553 472 744 2968 742 10 640 6300 1283 553 2.968 742 10.640 6,300 1.283 388,764788,764 2 665 2.665 389660 389,660 125,033 156 422 264 6271 232.941 31,389 31,389 264.627 264.627 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started