Tilton Department Store Income Statement Year Ended December 31, 2018 Net Sales Revenue Plus Ios Profit December 31, 2018 Account Title Cash Balance Debit Credit 7.700 84,500 37,300 Accounts Receivable Merchandise Inventory (beginning) Office Supplies 000 Furniture 85,000 Accumulated Depreciation Furniture Accounts Payable Salaries Payable 18,000 20,500 2.200 14,700 34,000 43,000 Uneamed Revenue Notes Payable, long-term Tilton, Capital Tilton, withdrawals 89.000 Sales Revenue 390,000 Purchases 291,000 Purchase Returns and Allowances 123,000 6,700 Purchase Discounts 500 Freight in Selling Expense Administrative Expense Interest Expense 42,400 28,700 3,300 668,000 $ 668,000 Total Tilton Department Store Income Statement Year Ended December 31, 2018 Net Sales Revenue Plus Ios Profit December 31, 2018 Account Title Cash Balance Debit Credit 7.700 84,500 37,300 Accounts Receivable Merchandise Inventory (beginning) Office Supplies 000 Furniture 85,000 Accumulated Depreciation Furniture Accounts Payable Salaries Payable 18,000 20,500 2.200 14,700 34,000 43,000 Uneamed Revenue Notes Payable, long-term Tilton, Capital Tilton, withdrawals 89.000 Sales Revenue 390,000 Purchases 291,000 Purchase Returns and Allowances 123,000 6,700 Purchase Discounts 500 Freight in Selling Expense Administrative Expense Interest Expense 42,400 28,700 3,300 668,000 $ 668,000 Total