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me PR 6-5A Multiple-step income statement and balance sheet OBJ. 3 The following selected accounts and their current balances appear in the ledger of Clairemont

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me PR 6-5A Multiple-step income statement and balance sheet OBJ. 3 The following selected accounts and their current balances appear in the ledger of Clairemont Co. for the fiscal year ended May 31, 2019: $ 240,000 966,000 1,690,000 22,500 13,500 8,000 830,000 $ 100,000 11,343,000 7,850,000 916,000 550,000 Cash Accounts Receivable Merchandise Inventory Estimated Returns Inventory Office Supplies Prepaid Insurance Office Equipment Accumulated Depreciation Office Equipment Store Equipment Accumulated Depreciation- Store Equipment Accounts Payable Customer Refunds Payable Salaries Payable Note Payable (final payment due 2022) Kristina Marble, Capital Kristina Marble, Drawing Sales Cost of Merchandise Sold Sales Salaries Expense Advertising Expense Depreciation Expense- Store Equipment Miscellaneous Selling Expense Office Salaries Expense Rent Expense Depreciation Expense- Office Equipment Insurance Expense Office Supplies Expense Miscellaneous Administrative Exp. Interest Expense 140,000 38,000 650,000 94,000 550,000 3,600,000 1,820,000 326,000 40,000 41,500 50,000 48,000 28,100 14,500 21,000 300,000 3,449,100

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