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Problem 5-4A Adjusting entries and multi-step income statement-perpetual LO5 eXcel CHECK FIGURES: 1. Income statement columns $529,310; 2. Profit $5,025 Information from the unadjusted trial
Problem 5-4A Adjusting entries and multi-step income statement-perpetual LO5 eXcel CHECK FIGURES: 1. Income statement columns $529,310; 2. Profit $5,025 Information from the unadjusted trial balance of Jumbo's on December 31, 2017, the end of the annual accounting period, is as follows: Debit Credit $ 8,100 22,665 34,600 2,415 775 3,255 74,490 Accounts receivable Merchandise inventory... Store supplies Prepaid insurance Equipment Accumulated depreciation, equipment... Accounts payable... Salaries payable $ 13,655 8,000 168,965 Sally Fowler, withdrawals. Interest income Sales Sales returns and allowances Cost of goods sold Salaries expense Rent expense.. Supplies expense Depreciation expense, equip Insurance expense Totals 62,000 529,000 5,070 381,160 96,300 2.100 $719.930 $719.930
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