I was wondering if you could help my with my two accounting problems, Chapter 5 problem 5-4A and problem 5-8A in the book fundamental accounting principles.

I was wondering if you could help me with Chapter 5 problem 5-4A and problem 5-8A in the fundamental accounting principles.

Chapter 5 problem 5-4A

Chapter 5 problem 5-8A

su, 2017, of as of Ortober 33,301, the 2435 24.300 compang's net sabes,cost of goods sold, and groms proft, as well as the components and t Present a condensed single-strp ncone statesens (oe Eabebit 5. 15) that lels these cousts cost of the goods solkd CHAPTER S Accounting or leam S-SA Income LoS 1. Operating experses wing djusted trial balance for Bell Servicing was prepared at the end of the fiscal uear, $141.800, Prse $73.200o peeds to price her protacts with is $30 and her pailovers is s3u of the fiscal 3L. 2017 ernined that she should set her priee o prochace yogl pants is $40 pe unit, 125 Spe 128 Pregeid insurence. ww aad goga pants andard target margin percentage of k tospalkovers and goga pants 167 Offioe s 46.800 ot Accounts paynble sted trial halance as of December 31 415 Sales isents 612 Depreciation espense, ston eg-ipmert 613 Depraciation expense.officeequignet S22 Sales sawws "pense 14 500 623 Office salaries espense s 3123 nsurance epense, 638 urance espense, otfice 640 Ront espence, office space 641 Rent espense, seling space 652 Ofice supples espense 62 Store supplies expense 655 Advers 247,606 7000 4 580 L7 600 411,800 $417.800 Required t Prepare a classified mukiple-step income statement that would be used by the business's owner like Exhubit 613) 2 Prepare a multiple-step income statement that woukd be used bg external users (like Exhibit&14) 3 Prepare a single-step income statement that would be provided to decision makers outside the coapany (lake Exhibit &.15). Analysis Component: If you were a decision maker external to Bell Servicing. which income stateaent fornat would gou prefer and whg, if you had a choice? Which income statenent format(s) could you ret as an external usert Why? Poblem 5-9A Journal entries for merchandising activities-periodic LO7 ing the information provided in Part 1 of Problem &-IA. journali th Eletronics, lbke Exhibit 613 e each of the transactions assuming a pear ended December 31, 2oi6 Pr,c inventory system. I Du multiple-stepment Problem 5-5A Income staten CHECK FIGURE: 1. Income from c The following amounts appea end of its fiscal year the August 2 Received Chic Jewenery 30 Paid Luu Company the amount due from nm 5-4A Adjusting entriles and multi-step Income statement- perpetual LOS Xee m the unadjusted trial balance of Jumbo's on December 31, 2017, the Cel ES: 1. Income statement columns $529,310:2.Profit-$5,025 Information from the unadjusted accounting period, is as follows: Other assets Credit .$8,100 22,665 34,600 2,415 775 Brenda Dav Brenda Dav Interest inc Accounts recelvable Merchandise inventory Saies Store supplies Orfice supplies. Prepaid insurance 3,255 74,490 Sales disc Sales retu Cost of g s 13,655 8,000 Sales sala Rent exp Store su Accumulated depreclation, equipmen. Accounts payable.. Salaries payable Sally Fowler, capital.. Sally Fowler, withdrawals Interest income Sales Sales retuns and alowanceS Cost of goods sold Salaries expense Rent expense Supplies expense 168,965 Office sa Rent exp Office s 310 529,000 Totals 5,070 381,160 96,300 29,100 Required 1. Prepare a classified the company's net amounts of elling 2. Present a condense goods sold, selling Depreciation expense, equipment Insurance expense Totals $719,430 $719.430 370 CHAPTER S Accounting for Merchandising Activities scord adjusting entries for the following information. a. A review of the store supplies on December 31,2017, revealed a balance on hand of $2,00, a similar examination of the office supplies showed that $640 had been used. b. The balance in the Prepaid Insurance account was reviewed and it was determined that 5255 was unused at December 31, 2017 c. The records show that the equipment was estimated to have a total estimated useful life of 10 years with a resale value at the end of its life of $14,490. d. Accrued salaries payable, $1,800 e. A count of the merchandise inventory revealed a balance on hand December 31, 2017, of $33,800. 2 Uising adjusted trial balance numbers, prepare a multiple-step income statement showing the ex- penses in detail. lsls Component: Explain why Interest income is shown under Other revenues and expenses on the nultiple-step income statement. Problem 5-5A Income statement calculations and formats-perpetual LOS he tollowing amounts appeared on Davison Company's adjusted trial balance as of October 31, 2017, the nd of its fiscal gear CHECK FIGURE: 1. Income from operations $55,000 Debit Credit s 16,000 256,800 Merchandise inventory Other assets $ 78,400 203.280 CHAPTER 5 Accounting for Merchandising Activities Income statements-perpetual LO5 IGURES: 1. Operating expenses $141,800: Profit $73.200 ollowing adjusted trial balance for Bell Servicing was prepared at the end of the fiscal year, Decem er 31, 2017: 101 Cash 125 Supplies 165 Store equipmen 167 Office equipment 51,000 $ 46.800 000 201 Accounts 301 Jonah Bell, 16,000 29,000 41,000 413 Sales 415 Sales discounts 505 Cost of goods sold. 612 Depreciation expense, store equipment 613 Depreciation expense, office equipment 622 Sales salaries expense 623 Office salanes expense 637 Insurance expense, store 291,800 74.,800 expense, office 1.600 640 641 651 652 655 Rent expense, office space Rent expense, selling space Office supplies expense Store supplies expense Advertising expense 2.400 $417,800 $417.800 Required like Exhibit 5.13). epare a multiple-step income statement that would be used by external uscrs Qike Exhibit 6.14), pare a single-step income statement that would be provided to decision makers outside the 2 Pre company (like Exhibit 5.15). t: If you were a decision maker external to Bell Servicing, which Which income statement format(s) could gou ould you prefer and why, if gou had a choice? t as an external user? Why? m5-9A Journal entries for merchandising activitles-perlodic Lo7