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services for Prepare Journal Entries for the transactions above for Rankles Dry Cleaners. Question 2 San Queen is a company in the distnbuting business. The
services for Prepare Journal Entries for the transactions above for Rankles Dry Cleaners. Question 2 San Queen is a company in the distnbuting business. The following balances were the books of Gabriel Inc. on December 31, 2016 21 marks] extracted from Accounts payable Accounts receivable San Queen Capital San Queen withdrawals 463400 371000 236800 480000 212000 265000 ulated depreciation -fumiture and fittings Furniture and fixtures Cash nventory Supp Sales revenue Sales discount Sa.es returns and allowances Cost of goods sold Salary expense Rent expense Utilities expense Notes payable (due December 31, 2022) Prepaid rent Unearned sales revenue 56700 605000 39300 3467000 lies 103000 82000 1777700 827500 70000 58000 350000 60000 35000 29000 Interest expense dditional information Supplies used during the year is $25800 Prepaid rent in force $10000. Uneaied sales revenue still not eaned $24000 Depreciation: the furniture and fixtures estimated useful life is 10 years and they are exp be worthless when they are retired from service. Accrued salaries $13000. Accrued interest expense $6000. Inventory on hand $658000 )Prepare a multi-step income statement for San Queen Distributors as at 31 December [30 m EQUIRED: t and non onerating expenses citing examples to explain
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