Answered step by step
Verified Expert Solution
Question
1 Approved Answer
prepare a fully classified income statement using the adjusted trial balance provided Credit ($) Prepaid Insurance Freight outwards Purchases Drawings The Roasted Onion Adjusted Trial
prepare a fully classified income statement using the adjusted trial balance provided
Credit ($) Prepaid Insurance Freight outwards Purchases Drawings The Roasted Onion Adjusted Trial Balance For the year ending 30 JUNE 2023 Debit ($) 5,400 4,560 Accumulated Depreciation - delivery van Purchase returns & allowances Sales Accounts Receivable Discount allowed Store Equipment Accounts Payable Cash at Bank Accumulated Depreciation equipment Loan Payable Sales returns & allowances Freight inwards Interest expense Inventory (1 July 2022) Delivery Van Capital Discount received Salaries expense TOTAL - store 457,800 49,650 59,790 89,040 49,920 33,300 9,390 4,860 134,910 22,320 203,640 1 128 660 9,330 29,160 846,180 29,100 26,340 34,200 151,920 2,430 1 128 660
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started