PLEASE answer problem #6 & #9
Fit-for-Life Foods reports the following income statement accounts for the year ended December 31. Prepare a multiple-step income statement. Journal entry worksheet 234 67. June 3 Record the cost of merchandise sold, 1300. Whte Knear debes belore ondes. Journal entry worksheet Note: Enter debts belure crudsk. Prepare a multiple-step income statement. Journal entry worksheet 4567. Moy 31 Record fowell's paymont of the artourh due fram the May 1 wurchase, rinus the Mar 12 return. the custober's accounts receivable for $20 to odopensate for the scracebes. Journal entry worksheet 56. May 12 Record Powell's feturned of merchandise that had a price of $125. Note: tonter debst Before srosits. Journal entry worksheet Juke 18 Recerd the receipt of payrent by Rowell for the amount foe from the Nine J sale less the lune 5 allowance. Wuer Enter gepti before cedra Journal entry worksheet 4567 May 1 Record Powel's purchase of merchandise with a price of $875 and credit terms of n/30. Note: Enter deblo beture creats: Journal entry worksheet June 5 The Customer discovers some of the unts are scratched. Powell gives a price reducticn (allewance) and credks the customer's accounts receivabie for 820 to compensate for the soratches. Record the allowance. Notei Enter detsts befare creds. Prepare joumal entries for the foliowing merchandisng transnctions of Powell Company assuming it usos a perpotial irventory syatem and the gross method. May 1 Novel1 parchased merchandise vith a priee of tats and eredit terna of n/30. Hay 22 towell reterned nerehandise that bad a pries of 9325. May 31 howell pald the dmount due frow the ray 1 parehase, nisua the May 12 return. the custoner's aceounts reseivabje for 520 ce coppensate tor she ectatehas. June 18 fowe 11 received paynent for the shount due fron the June 3 ale lesa the June 5 altevance