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Multiple - step income statement and balance sheet The following selected accounts and their current balances appear in the ledger of Kanpur Co . for
Multiplestep income statement and balance sheet
The following selected accounts and their current balances appear in the ledger of Kanpur Co for the fiscal year ended June Y:
Account Amount
Cash $
Accounts Receivable
Inventory
Estimated Returns Inventory
Office Supplies
Prepaid Insurance
Office Equipment
Accumulated DepreciationOffice Equipment
Store Equipment
Accumulated DepreciationStore Equipment
Accounts Payable
Salaries Payable
Customer Refunds Payable
Estimated Coupons Payable
Note Payable final payment due in years
Maya Kanpur, Capital
Maya Kanpur, Drawing
Sales
Cost of Goods Sold
Sales Salaries Expense
Advertising Expense
Depreciation ExpenseStore Equipment
Miscellaneous Selling Expense
Office Salaries Expense
Rent Expense
Insurance Expense
Depreciation ExpenseOffice Equipment
Office Supplies Expense
Miscellaneous Administrative Expense
Interest Expense
Required:
Prepare a multiplestep income statement.
Prepare a statement of owners equity. Maya Kanpur invested an additional $ in the business during the year ended June Y
Prepare a balance sheet, assuming that the current portion of the note payable is $
Which type of income statement shows intermediate balances?
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