Problem 5A-6A

Prepare multi-step income statement, single step income statement , owners equity statement and balance sheet

the trial balance of MUcci fashion center contained the following accounts at november 30, the end of the company's fiscal year

Trial balance , November 30,2017

Debit Credit Cash $8400 Accounts Receivable 30600 Merchandise Inventory 34600 Store Supplies 6100 Store Equipment 132800 Acc. Depreciation - Store Equipment $27100 Notes Payable 49000 Accounts Payable 48900 Owner's capital 92200 Owner's drawings 11500 Sales revenue 754600 Sales Returns and Allowances 8300 Purchases 523600 Purchase discounts 9500 Purchase returns and allowances 5700 Freight-in 16200 Salaries Expense 139800 Advertising Expense 24200 Utilities Expense 14400 Maintenance and repair expense 12500 Rent expense 24000

Totals 987000 987000

Adjustment data:

1. Supplies on hand totaled 2100
2. Depreciation is 12000 on the equipment
3. Interest of 3900 is accrued on notes payable November 30
4. Inventory on hand at November 30,2017 is 44800