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The following account balances were included in the trial balance of Nash Corporation at June 30, 2020. $1,591,220 $7,743 Sales revenue Depreciation expense (office furniture
The following account balances were included in the trial balance of Nash Corporation at June 30, 2020. $1,591,220 $7,743 Sales revenue Depreciation expense (office furniture and equipment) Sales discounts 33,050 Property tax expense Bad debt expense (selling) 7,671 905.800 Cost of goods sold 4,661 Salaries and wages expense (sales) 56,910 Maintenance and repairs expense (administration) 8,841 Sales commissions Office expense 98,440 6,240 Travel expense (salespersons) 37.900 Sales returns and allowances 57,184 Delivery expense Dividends received 22,880 35,670 15,030 Entertainment expense Interest expense 17,460 9,170 94,790 Telephone and Internet expense (sales) Income tax expense Depreciation expense (sales equipment) 5.426 Depreciation understatement due to error-2020 (net of tax) 17,444 Maintenance and repairs expense (sales) Dividends declared on preferred stock 9,180 5,866 Miscellaneous selling expenses Dividends declared on common stock 4,851 37,830 Office supplies used 3,385 Telephone and Internet expense (administration) 2,755 The Retained Earnings account had a balance of $342,390 at July 1, 2019. There are 82,820 shares of common stock outstanding. Using the multiple-step form, prepare an income statement for the year ended June 30, 2020. Round eurnirgspershare to 2denal places, eg. 1.48j NASH CORPORATION Income Statement S $ $ T $ eTextbook and Media List of Accounts Prepare a retained earnings statement for the year ended June 30, 2020. (List items that increase uajuste retulnedearflhgs firstj NASH CORPORATION Retained Earnings Statement $ eTextbook and Media List of Accounts Using the single-step form, prepare an income statement for the year ended June 30, 2020. Roud earhingsper sfire to 2 decinal places, eg. 1.48) NASH CORPORATION Income Statement $ eTextbook and Media
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