N. Dute Transfer Total DOV 22.5 TV 2 3,7 1.100 3.10 0.00 135.00 37.50 1 100 DER 1 Sale 21.30 SL 160.00 50 00 30.000 DOO 18 21 10 Sale 7.100 1008 SCH 200,000 Hequired Merchandy Harth Costera to the real delar Condos Periodic Inventory by Three Methods The beginning inventory at Midnight Supplies and data on purchases and sales for a three-month period ending March 31, are as follows: Number Date Transaction of Units Per Unit Total Jan. 1 7,500 $75.00 Inventory Purchase $562,500 10 22,500 85.00 1,912,500 28 Sale 11,250 150.00 1,687,500 30 Sale 3,750 150.00 562,500 Feb. 5 Sale 1,500 150.00 225,000 10 Purchase 54,000 87.50 4,725,000 4,320,000 16 Sale 27,000 160.00 28 Sale 25,500 160.00 4,080,000 Mar. 5 Purchase 45,000 89.50 4,027,500 14 Sale 30,000 160.00 4,800,000 25 Purchase 7,500 90.00 675,000 30 Sale 26,250 160.00 4,200,000 Multiple-Step 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 30, 2015: Cash 5127,600 Gerri Faber, Drawing $76,400 Accounts Receivable 327,400 Sales 4,614,300 Merchandise Inventory 387,950 Cost of Merchandise Sold 2,704,000 Office Supplies 12,000 Sales Salanes Expense 760,400 Prepaid Insurance 9.300 Advertising Expense 209,100 Office Equipment 280,900 Depreciation Expense-Store Equipment 40,700 Accumulated Depreciation-Office Equipment 190,900 Miscellaneous Selling Expense 17,800 Store Equipment 876,800 Office Salaries Expense 415,100 Accumulated Depreciation-Store Equipment 280,900 Rent Expense 61,300 Accounts Payable 194,400 Insurance Expense 19,000 30,600 Customer Refunds Payable Depreciation Expense-Office Equipment 30,600 12,400 Office Supplies Expense Salaries Payable 407,500 Miscellaneous Administrative Exp. Note Payable (final payment due in eight years) 12,400 Gerri Faber, Capital 657,150 Interest Expense 11,300 8,100 Required: Ko Lance Sheet June 30, 20Y Currant a Ons 127,600 327,400 V Accounts receivable Herchandise Inventory Office supplies Prepaid insurance 387,950 12,000 9,300 Tot current assets 864,250 Property, plant, and equipment Office equipment cumbed depreciation Office equipment 280,900 190,900 90,000 Store equipment 876,800 Less accumulated depreciation Store equipmentu 280,900 595,900 Total property, platit, and equipment 685,900 Totalets 1,550,150 buities Current liabilities: 194,400 Accounts payable Quistoner refunds payable 30,600 Salaries payable 12.400 Note payable (cument portion 12,400 x Total current liabilis Long-term liabilities: Note payable (final payment due In eight years TOLA la Owner's equity Gerri Paber capital 905,250 Total babies and owners equity N. Dute Transfer Total DOV 22.5 TV 2 3,7 1.100 3.10 0.00 135.00 37.50 1 100 DER 1 Sale 21.30 SL 160.00 50 00 30.000 DOO 18 21 10 Sale 7.100 1008 SCH 200,000 Hequired Merchandy Harth Costera to the real delar Condos Periodic Inventory by Three Methods The beginning inventory at Midnight Supplies and data on purchases and sales for a three-month period ending March 31, are as follows: Number Date Transaction of Units Per Unit Total Jan. 1 7,500 $75.00 Inventory Purchase $562,500 10 22,500 85.00 1,912,500 28 Sale 11,250 150.00 1,687,500 30 Sale 3,750 150.00 562,500 Feb. 5 Sale 1,500 150.00 225,000 10 Purchase 54,000 87.50 4,725,000 4,320,000 16 Sale 27,000 160.00 28 Sale 25,500 160.00 4,080,000 Mar. 5 Purchase 45,000 89.50 4,027,500 14 Sale 30,000 160.00 4,800,000 25 Purchase 7,500 90.00 675,000 30 Sale 26,250 160.00 4,200,000 Multiple-Step 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 30, 2015: Cash 5127,600 Gerri Faber, Drawing $76,400 Accounts Receivable 327,400 Sales 4,614,300 Merchandise Inventory 387,950 Cost of Merchandise Sold 2,704,000 Office Supplies 12,000 Sales Salanes Expense 760,400 Prepaid Insurance 9.300 Advertising Expense 209,100 Office Equipment 280,900 Depreciation Expense-Store Equipment 40,700 Accumulated Depreciation-Office Equipment 190,900 Miscellaneous Selling Expense 17,800 Store Equipment 876,800 Office Salaries Expense 415,100 Accumulated Depreciation-Store Equipment 280,900 Rent Expense 61,300 Accounts Payable 194,400 Insurance Expense 19,000 30,600 Customer Refunds Payable Depreciation Expense-Office Equipment 30,600 12,400 Office Supplies Expense Salaries Payable 407,500 Miscellaneous Administrative Exp. Note Payable (final payment due in eight years) 12,400 Gerri Faber, Capital 657,150 Interest Expense 11,300 8,100 Required: Ko Lance Sheet June 30, 20Y Currant a Ons 127,600 327,400 V Accounts receivable Herchandise Inventory Office supplies Prepaid insurance 387,950 12,000 9,300 Tot current assets 864,250 Property, plant, and equipment Office equipment cumbed depreciation Office equipment 280,900 190,900 90,000 Store equipment 876,800 Less accumulated depreciation Store equipmentu 280,900 595,900 Total property, platit, and equipment 685,900 Totalets 1,550,150 buities Current liabilities: 194,400 Accounts payable Quistoner refunds payable 30,600 Salaries payable 12.400 Note payable (cument portion 12,400 x Total current liabilis Long-term liabilities: Note payable (final payment due In eight years TOLA la Owner's equity Gerri Paber capital 905,250 Total babies and owners equity