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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 AND SINGLE 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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