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This is what I have so far I need help with the Income statement On October 31, 2016, the balances of the accounts appearing in
This is what I have so far I need help with the Income statement
On October 31, 2016, the balances of the accounts appearing in the ledger of Prestige Furnishings Company, a furniture wholesaler, are as follows: Accumulated Depreciation-Building $783,500 Administrative Expenses 524,850 Building 2,563,700 Cash 175,050 Common Stock 306,600 3,721,950 Cost of Merchandise Sold Dividends 177,100 9,550 Interest Expense Merchandise Inventory 1,005,950 Notes Payable 254,900 Office Supplies 20,800 Retained Earnings 1,324,350 Salaries Payable 8,100 Sales 6,255,450 Selling Expenses 692,550 Store Supplies 89,550Step by Step Solution
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