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Part 1. The company Muebles de la Montaa has in its ledger the following transactions. Performs a multiple-step income statement. ACCOUNT BALANCE ACCOUNT BALANCE Cash

Part 1. The company Muebles de la Montaa has in its ledger the following transactions. Performs a multiple-step income statement.

ACCOUNT BALANCE ACCOUNT BALANCE
Cash $75,000 Sales $1,650,000
Accumulated Depreciation-Truck 15,000 Account Receivable 50,000
Building 550,000 Note Payable 45,000
Truck 35,000 Joe Doe, Capital 500,000
Cost of Merchandise Sold 650,000 Joe Doe, Drawings 20,000
Advertising Expense 12,000 Administrative Expense 3,300
Utilities Expense 1,200 Telephone Expense 2,000
Supplies 4,500 Salaries Expense 29,000
Salaries Payable 3,000 Equipment 26,000

image text in transcribedPart 2. Prepare a single-step income statement from a computer sales and equipment rental company.

ACCOUNT BALANCE
Sales $ 6,110,760
Interest Expense 1,550
Administrative Expense 10,500
Cost of Merchandise Sold 3,550,000
Advertising Expense 3,500
Rent Revenue 24,000
Merchandise Inventory 7,000,000
Utilities Expense 4,500

image text in transcribedPart 3. Prepare a multiple-step income statement for an auto parts sales company.

Accumulated Depreciation-Building $18,000 Account Receivable $52,000
Building 500,000 Note Payable 54,000
Sales 8,020,000 Joe Doe, Capital 800,000
Cost of Merchandise Sold 620,000 Joe Doe, Drawings 18,000
Merchandise Inventory 230,000 Administrative Expense 7,500
Utilities Expense 1,700 Telephone Expense 2,000
Supplies 4,800 Salaries Expense 15,000
Salaries Payable 9,000 Equipment 30,000

image text in transcribed

Parte 2. Prepara un estado de ingesos y gastos de una sola etapa (single-step income statement) de una compafia de venta de computadoras y renta de cquipos. Parte 3. Prepara un estado de ingresos y gastos de etapas mltiples (nnutipie-step incane statement) de una cormbaia de venta de piecas de auto

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