question 13 and 14

ACCY 201 SI TEST 2 REVIEW 11. The North Face has revenues of $25,000, expenses of $13,000, and dividends of $5,000. Prepare closing entries for The North Face. 12. From the following information for the Worker Products Company, prepare a multiple-step income statement based on the format provided in class. Sales: $325,000 Sales discounts: $6,000 Sales returns and allowances: $16,500 Cost of goods sold: $195,000 Sales salaries expense: $32,500 Depreciation expense - store equipment: $11,000 Depreciation expense - office equipment: $7,500 Office supplies expense: $1,300 13. Neutron has the following transactions. Prepare general journal entries to record Neutron's transactions under BOTH the perpetual and periodic systems: 6/10 Neutron purchased merchandise on credit from Proton for $9,000, terms 2/10, n/30. FOB destination. Transportation costs of $350 were paid by Proton. 6/12 Neutron returned $600 of merchandise from the June 10 purchase. 6/19 Neutron paid Proton for the June 10 purchase. 14. Steve's Skateboards uses the perpetual inventory system and had the following sales transactions during April. Prepare the journal entries for these transactions. 4/2 Sold merchandise to Happy Hobby Shop on credit for $4,800, terms 1/15, n/60. The items sold had a cost of $2,700. 474 Happy Hobby Shop returned merchandise that had a selling price of $200. The cost of the merchandise returned was $110. 4/13 Happy Hobby Shop paid for the merchandise sold on April 2, taking any appropriate discount earned