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Instrurtion: Comnlete Sinole-sten Income Statement (Dernetual Inyentory System) Adiustments: a. Expiration of $600.00 of prepaid insurance b. Use of $1,200.00 of store supplies c. Use
Instrurtion: Comnlete Sinole-sten Income Statement (Dernetual Inyentory System) Adiustments: a. Expiration of $600.00 of prepaid insurance b. Use of $1,200.00 of store supplies c. Use of $1,800.00 of office supplies d. Amortization of the store equipment for $3,000.00 e. Amortization of the office equipment for $700.00 f. Accrual of $300.00 of unpaid office salaries and $500.00 of unpaid store sala g. Physical count of merchandise inventory revealed $21,000.00 on hand. Instrurtion: Comnlete Sinole-sten Income Statement (Dernetual Inyentory System) Adiustments: a. Expiration of $600.00 of prepaid insurance b. Use of $1,200.00 of store supplies c. Use of $1,800.00 of office supplies d. Amortization of the store equipment for $3,000.00 e. Amortization of the office equipment for $700.00 f. Accrual of $300.00 of unpaid office salaries and $500.00 of unpaid store sala g. Physical count of merchandise inventory revealed $21,000.00 on hand
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