The following is an alphabetical list of accounts for Mack Company: Accounts Payable Accounts Receivable Accumulated Depreciation:

Question:

The following is an alphabetical list of accounts for Mack Company:

Accounts Payable

Accounts Receivable

Accumulated Depreciation: Buildings and Office

Equipment

Accumulated Depreciation: Store and Delivery

Equipment

Administrative Salaries

Advertising Expense

Allowance for Doubtful Accounts

Bad Debts Expense

Bonds Payable

Buildings

Cash

Cash Dividends Declared

Common Stock, $10 par

Delivery Expense

Depreciation Expense: Buildings and Office

Equipment

Depreciation Expense: Store and Delivery

Equipment

Dividend Income

Dividends Payable

Freight on Purchases

Fund to Retire Long-Term Bonds

Gain on Sale of Division T

Gain on Sale of Equipment

Income Tax Expense

Insurance Expense

Interest Expense

Interest Payable

Interest Income

Investment in Securities (Long-Term)

Loss from Expropriation

Loss from Operations of Discontinued Division T

Loss on Sale of Office Equipment

Merchandise Inventory, January 1, 2013

Merchandise Inventory, December 31, 2013

Miscellaneous Office Expenses

Miscellaneous Sales Expenses

Mortgage Payable

Office Salaries

Office Supplies Used

Paid-in Capital on Common Stock

Prepaid Office Supplies

Property Tax Expense

Purchases

Purchases Discounts Taken

Purchases Returns and Allowances

Rent Revenue

Retained Earnings, January 1, 2013

Salaries Payable

Sales

Sales Commissions

Sales Discounts Taken

Sales Returns and Allowances

Sales Salaries

Stock Dividends Declared

Unearned Rent

Unexpired Insurance

Unrealized Increase in Fair Value of

Available-for-Sale Securities

Utilities Expense

Required:

Ignoring amounts select Mack's appropriate accounts and prepare for 2013:

1. A multiple-step income statement with proper subheadings

2. A statement of comprehensive income

3. A retained earnings statement

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Related Book For  book-img-for-question

Intermediate Accounting Reporting and Analysis

ISBN: 978-1111822361

1st edition

Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach

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