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Prepare a multiple-step income statement, an owners equity statement, and a classified balance sheet. $15,000 of notes payable are due in 2022. #please give me
Prepare a multiple-step income statement, an owners equity statement, and a classified balance sheet. $15,000 of notes payable are due in 2022. #please give me ans 1houre
Munif Hardware had the following adjusted trial balance at the end of the company's fiscal year June 30, 2021: Account Title Debit Credit Salaries &wages Payable $20,200 Accounts Receivable 25,500 40,000 Accumulated Depreciation- Equipment Cash 21,000 513,000 1,500 Cost of goods sold Freight-out Equipment Depreciation expense 141,000 6,000 Insurance expense 2,000 Interest expense 1,400 Dividend revenue 2,000 Inventory 22,000 Land 50,000 32,000 Notes Payable Owner's capital Owner's Drawings 96,700 5,000 Supplies 3,500 2,500 Property tax expense Property tax payable 2,500 Rent expense 10,000 salaries &wages expense 86,000 Sales revenue 705,000 sales commissions expense 6,000 Sales commissions payable 4,500 Sales returns &allowance 3,000 Sales discount 3,500 Total 902,900 902,900 Instructions Prepare a multiple-step income statement, an owner's equity statement, and a classified balance sheet. $15,000 of notes payable are due in 2022Step by Step Solution
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