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Please help me fill out this multistep income statement. The account balances and single-step income statemant for Nancy Salon Products, Inc., for tha year ended
Please help me fill out this multistep income statement.
The account balances and single-step income statemant for Nancy Salon Products, Inc., for tha year ended August 31, 2016, ara presentad below ck the icon to vew the account balances listing. i Click the icon to view the single stepincome statement. > Read the requirements. Requirement 1. Prepare Nancy Salon Products, Inc.'s multi-step income statement Data Table Nancy Salon Products, Inc. Income Statement For the Year Ended August 31, 2016 Reference S 6900 Cost of goods sold 6 500 Accumulated deprciation 3,200 equipment 40,000 Unearned revenues 35,000 Sales revenue 24.500 Accounts receivable $123,700 Cash Equipment Accounts payabla Common stock Long-term notes payable General expenses Salaries payable Supplics Building Sales retums and Nancy Salon Products, Inc Income Statement For the Year Ended August 31, 2016 Less: 7,600 1.100 246,000 5,100 Revenues: Net sales revenu $ 241,800 2,600 Accumulated depreciation, 3,500 building Expenses Cost of goods sold Selling expenses General expenses Interest expense 35 ,600 3 123,700 37,000 24,500 1,000 155,000 Mortgage payabla 38,000 41,000 1,500 37,000 2,300 (long-tenm) allowances Prepaid rent Interest expense Retained earnings 2.700 Divldends 2.100 Sales discounts 1000 Selling expes 186,200 Total expenses 5 55,600 Net income (loss) 43,700 Inventory Net Income (loss)Step by Step Solution
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