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Solve for Dividends Payable and Make a Comprehensive Income Statement for both years 2019 Debit Debit Credit 5,800,000 5% Preference share capital, P100 par Accounts
Solve for Dividends Payable and Make a Comprehensive Income Statement for both years
2019 Debit Debit Credit 5,800,000 5% Preference share capital, P100 par Accounts payable Accounts receivable 5,500,000 807,300.00 819,500.00 3,350,000.0 3,685,000.0 umulated depreciation - Building quipmer mulated Depreciation - Office equipment lated depreciation Cooking e 1,400,000 1,420,000 1,600,000 700,000 700,000 800,000 67,000 Accumulated depreciation- teqiment Allowance for doubtful accounts 7,500,000 5,500,000.0 887,410.0 3,500,000.0 ash ooking equiment ost of goods sold epreciation expense - building epreciation expense - office equipment Depreciation expense- store equipment Dividends payable 3,500,000.0 2,744,988.0 150,000.0 800,000 6,700.0 1.374,912.0 2.144,700.0 2.891,080.0 67,000. 1.354,320.0 1.949,700.0 2,545,940.0 Finished Freight-out come tax expense Income tax payable goods inventory 2,889,580 2,544,740 389,940.0 surance expense of goods sold in transi Interest expense Interest income Land Loss due to fire Notes payable, due on December 31, 2020 428,940.0 7,000,000.0 4,000,000.0 0.0 800,000 500,000 3,600,000.0 17,870.0 214,470.0 3,500,000.0 16,250.0 194,970.00 ies fice supplies expense 7,500,000.0 5,000,000.00 share capital, P5 par Raw materials inventory Rental income Retained Earnings 954,800.0 940,500.0 5,140,530.00 alaries and wages of admin employees Salaries and wages of sales agents Salaries payable 3,217,050.0 2,924,550.0 2,144,700.0 1,949,700.0 203,100.00 14,220,000.00 40,200,000.0 Sales discounts Sales returns and allowances Share Premium Ordinary Share Premium Preference Store equipment Store supplies 402,000.0 804,000.0 442,200.0 884,400.0 750,000 825,000 870,000 4,000,000.0 4,000,000.0 428,930.0 ore supplies expense ubscribed ordinary share capita ubscribed preference share capital Subscription receivable - Ordinary ubscription receivable Preference Treasury Shares at cost, ordinary Treasury Shares at cost, preference Nork in process inventory 389,940.0 1,000,000 1,500,000 1,160,000.0 500,000 1,200,000.00 800,000 696,000 120,000.0 1,128,600.0 72,761,710.0072,761,710.0064,843,840.0064,843,840.00 TotalsStep by Step Solution
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