Q3 Prepare a single step Income statement of B company that include these expenses categories, (8) a) Cost of goods sold b) Selling expenses c) Administration and general expenses Account title Merchandise Inventory Other (non inventory) assets Total liabilities R Albin Capital R Albin, Withdrawals Sales Sales discounts Sales returns and allowances Costs of goods sold Sales salaries expense Rent expense selling space Store supplies expense Advertising expense Official salaries expense Rent expense office space Office supplies expense Totals Debit Credit $46,500 190,600 $52 500 152 475 2 000 318,000 4,875 21 000 123 900 43 500 15 000 3 750 27,000 39,750 3,900 1 200 $522,975 $522,975

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Q3  Prepare a single step Income statement of B company that include these expenses categories, (8) a) Cost of goods sold  b) Selling expenses c) Administration and general expenses Account title Merchandise Inventory Other (non inventory) assets Total liabilities R  Albin  Capital R  Albin, Withdrawals Sales Sales discounts Sales returns and allowances Costs of goods sold Sales salaries expense Rent expense selling space Store supplies expense Advertising expense Official salaries expense Rent expense office space Office supplies expense Totals Debit Credit $46,500 190,600 $52 500 152 475 2 000 318,000 4,875 21 000 123 900 43 500 15 000 3 750 27,000 39,750 3,900 1 200 $522,975 $522,975

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Q3: Prepare a single step Income statement of B company that include these expenses categories, (8) a) Cost of goods sold. b) Selling expenses c)

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