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The last photo is part of the second photo, but it is just scrolled to the right. Please answer all of the ones highlighted in
The last photo is part of the second photo, but it is just scrolled to the right. Please answer all of the ones highlighted in red.
The trial balance of Bramble Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. BRAMBLE FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2020 Debit Credit Cash Accounts Receivable $33,320 37,090 48,390 8,890 139.780 $26,460 54,390 51,890 93,390 11,390 765,210 Inventory Supplies Equipment Accumulated Depreciation Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Sales Revenue Sales Returns and Allowances Cost of Goods Sold Salaries and Wages Expense Advertising Expense Utilities Expenses Maintenance and Repairs Expense Delivery Expense Rent Expense Totals 4,200 495,400 138,480 27,630 15.520 12.100 16,700 25,230 $1,002,730 $1,002,730 Adjustment data: 1. 2. 3. Supplies on hand totaled $4,890. Depreciation is $16,845 on the equipment. Interest of $10,310 is accrued on notes payable at November 30. Other data: 1. 2. 3. Salaries expense is 70% selling and 30% administrative. Rent expense and utilities expenses are 80% selling and 20% administrative. $30,000 of notes payable are due for payment next year. Maintenance and repairs expense is 100% administrative. 4. Prepare a multiple-step income statement for the year. (ignore income taxes) (Enter loss using either a negative sign preceding the number eg.-45 or parentheses e.g. (45).) BRAMBLE FASHION CENTER Income Statement For the Year Ended November 30, 2020 V Sales Revenue Sales Less V 1: Sales Returns and Allowances Net Sales Cost of Goods Sold Gross Profit Operating Expenses Selling expenses Advertising Expense $ 27,630 i Salaries and Wages Expense 138,480 Utilities Expenses 15,520 Rent Expense 25.230 Delivery Expense 16,700 i Depreciation Expense 16,845 i Supplies Expense 4000 i Total Selling Expenses $ Administrative expenses Maintenance and Repairs Expense 12,100 Salaries and Wages Expense 138,480 Rent Expense 25.230 Utilities Expenses 15,520 Total Administrative Expenses Total Operating Expenses V Income from Operations Other Expenses and Losses Interest Expense Net Income /(Loss) BRAMBLE FASHION CENTER Income Statement For the Year Ended November 30, 2020 765,210 4200 769410 495,400 $ 27,630 i 138,480 15,520 25,230 16,700 16,845 i 4000 244405 12,100 138,480 25,230 15,520 191330Step by Step Solution
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