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SHAMROCK FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2017 Debit Credit Cash $33,510 Accounts Receivable 37,240 Inventory 48,540 Supplies 9,040 Equipment 140,080 Accumulated Depreciation-Equipment $26,540 Notes
SHAMROCK FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2017 | ||||||
Debit | Credit | |||||
Cash | $33,510 | |||||
Accounts Receivable | 37,240 | |||||
Inventory | 48,540 | |||||
Supplies | 9,040 | |||||
Equipment | 140,080 | |||||
Accumulated Depreciation-Equipment | $26,540 | |||||
Notes Payable | 54,540 | |||||
Accounts Payable | 52,040 | |||||
Common Stock | 93,540 | |||||
Retained Earnings | 11,540 | |||||
Sales Revenue | 765,550 | |||||
Sales Returns and Allowances | 4,200 | |||||
Cost of Goods Sold | 495,400 | |||||
Salaries and Wages Expense | 138,280 | |||||
Advertising Expense | 27,670 | |||||
Utilities Expenses | 15,720 | |||||
Maintenance and Repairs Expense | 12,100 | |||||
Delivery Expense | 16,700 | |||||
Rent Expense | 25,270 | |||||
Totals | $1,003,750 | $1,003,750 |
Prepare a multiple-step income statement for the year. |
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