Required:

Balance Sheet

Income Statement

$ 10,275 22,665 51,845 2,415 775 3,255 61,980 $ 10,830 12,510 2,825 8,310 -0- 106,015 Cash Accounts receivable Merchandise inventory Store supplies Office supplies Prepaid insurance Store equipment Accumulated amortization, store equipment Office equipment Accumulated amortization, office equipment Accounts payable Salaries payable Sally Fowler, capital Sally Fowler, withdrawals Sales Sales returns and allowances Purchases Purchases returns and allowances Purchases discounts Transportation-in Sales salaries expense Rent expense, selling space Store supplies expense Amortization expense, store equipment Office salaries expense Rent expense, office space Office supplies expense Insurance expense Amortization expense, office equipment Totals 15,000 5,070 385,085 562,140 1,820 4,710 5,125 43,220 20,250 -0- 0- 48.330 8,850 -O- -0 -0 $696,650 $696,650