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P3-4 (L03,4,5,6) The trial balance of Bellemy Fashion Center contained the following accounts at November 30, the end of the companys fiscal year. Adjustment data:
P3-4 (L03,4,5,6) The trial balance of Bellemy Fashion Center contained the following accounts at November 30, the end of the companys fiscal year. Adjustment data: CREATE A MULTI-STEP INCOME STATEMENT
Cash | $ 28,700.00 | ||||||
Accounts Receivable | 33,700.00 | ||||||
Inventory | 45,000.00 | ||||||
Supplies | 1,500.00 | ||||||
Equipment | 133,000.00 | ||||||
Accumulated Depreciation-Equipment | $ 39,000.00 | ||||||
Notes Payable | 51,000.00 | ||||||
Accounts Payable | 48,500.00 | ||||||
Common Stock | 90,000.00 | ||||||
Retained Earnings | 8,000.00 | ||||||
Sales Revenue | 757,200.00 | ||||||
Sales Returns and Allowances | 4,200.00 | ||||||
Cost of Goods Sold | 495,400.00 | ||||||
Salariesand Wages Expense | 140,000.00 | ||||||
Advertising Expense | 26,400.00 | ||||||
Utilities Expense | 14,000.00 | ||||||
Maintenance and Repairs Expense | 12,100.00 | ||||||
Delivery Expense | 16,700.00 | ||||||
Rent Expense | 24,000.00 | ||||||
Supplies | 4,000.00 | ||||||
Depreciation Expense | 15,000.00 | ||||||
Interest Expense | 11,000.00 | ||||||
Interest Payable | 11,000.00 | ||||||
$ 1,004,700.00 | $ 1,004,700.00 |
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