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The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory amounted to $59,775 on January 1, 2019, and
The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory amounted to $59,775 on January 1, 2019, and $52,725 on December 31, 2019. The expense accounts numbered 611 through 617 represent selling expenses, and those numbered 631 through 646 represent general and administrative expenses. 401 Sales 451 Sales Returns and Allowances $248,90 Cr 4,350 Dr 491 Miscellaneous Income 480 Cr Se rein1 103,600 Dr 1,975 Dr. 3,600 Cr 1,880 Cr 45,300 Dr 2,310 Dr 1,510 Dr 13,500 Dr 3,000 Dr 21,180 Dr 6,000 Dr 570 Dr. 501 Purchases 502 Freight In 503 Purchases Returns and Allowances 504 Purchases Discounts 611 Salaries Expense-Sales 614 Store Supplies Expense 617 Depreciation Expense-Store Equipment 631 Rent Expense 634 Utilities Expense 637 Salaries Expense-office 640 Payroll Taxes Expense 643 Depreciation Expense-Office Equipment 646 Uncollectible Accounts Expense 691 Interest Expense 720 Dr,. 740 Dr Prepare a classified income statement for this firm for the year ended December 31, 2019 BRIDGET'S OFFICE SUPPLIES Income Statement Operating revenue Net sales Cost of goods sold Total merchandise available for sale Operating expenses Selling expenses Total Selling Expense Gel and Administrative Expenses Total general and admin. expenses Total operating expenses Other income Other expense
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