Multiple-step income statement and balance sheet The following selected accounts and their current balances appear in t...
Multiple-step income statement and balance sheet The following selected accounts and their current balances appear in the ledger of Kanpur Co. for the fiscal year ended June 30, 20Y7: Cash $112,800 Retained Earnings $497,100 Accounts Receivable 300,700 Dividends 67,500 Inventory 342,800 Sales 4,130,700 Estimated Returns Inventory 5,000 Cost of Goods Sold 2,389,300 Office Supplies 10,600 Sales Salaries Expense 671,900 Prepaid Insurance 8,200 Advertising Expense 184,800 Office Equipment 248,200 Depreciation Expense— Store Equipment 36,000 Accumulated Depreciation— Office Equipment 168,700 Miscellaneous Selling...
Multiple-step income statement and balance sheet The following selected accounts and their current balances appear in the ledger of Kanpur Co. for the fiscal year ended June 30, 20Y7: Cash $125,300 Retained Earnings $552,500 Accounts Receivable 334,200 Dividends 75,100 Inventory 381,000 Sales 4,591,100 Estimated Returns Inventory 5,000 Cost of Goods Sold 2,655,600 Office Supplies 11,800 Sales Salaries Expense 746,800 Prepaid Insurance 9,100 Advertising Expense 205,400 Office Equipment 275,800 Depreciation Expense— Store Equipment 40,000 Accumulated Depreciation— Office Equipment 187,500 Miscellaneous Selling...
Multiple-Step Income Statement and Report Form of Balance Sheet The following selected accounts and their current balances appear in the ledger of Kanpur Co. for the fiscal year ended June 30, 2018 Cash Accounts Receivable Inventory Estimated Returns Inventory Office Supplies Prepaid Insurance Office Equipment Accumulated Depreciation-Office Equipment 58,000 Miscellaneous Selling Expense Store Equipment Accumulated Depreciation-Store Equipment 87,500 Rent Expense Accounts Payable Customers Refunds Payable $92,000 Retained Earnings 450,000 Dividends 370,000 Sales $381,000 300,000 8,925,000 5,000 Cost of Goods Sold...
Multiple-step income statement and balance sheet The following selected accounts and their current balances appear in the ledger of Kanpur Co. for the fiscal year ended June 30, 20Y7: Cash $109,100 Retained Earnings $480,800 Accounts Receivable 290,900 Dividends 65,300 Inventory 331,600 Sales 3,995,800 Estimated Returns Inventory 5,000 Cost of Goods Sold 2,311,300 Office Supplies 10,300 Sales Salaries Expense 649,900 Prepaid Insurance 8,000 Advertising Expense 178,700 Office Equipment 240,100 Depreciation Expense— Store Equipment 34,800 Accumulated Depreciation— Office Equipment 163,100 Miscellaneous Selling...
BOOK Calculator Multiple-Step Income Statement and balance sheet The following selected accounts and their current balances appear in the ledger of Kanpur Co. for the fiscal year ended June 30, 2019: Cash $92,000 Gerri Faber, Drawing 450,000 Sales $300,000 Accounts Receivable 8,925,000 Merchandise Inventory 5,620,000 Estimated Returns Inventory Office Supplies Prepaid Insurance 370,000 Cost of Merchandise Sold 5,000 Sales Salaries Expense 10,000 Advertising Expense 12,000 Depreciation Expense-Store Equipment 220,000 Miscellaneous Selling Expense 58,000 Office Salaries Expense 650,000 Rent Expense 850,000...
Multiple-Step Income Statement and Report Form of Balance Sheet The following selected accounts and their current balances appear in the ledger of Clairemont Co. for the fiscal year ended May 31, 2018: Cash $114,700 Retained Earnings 505,500 Accounts Receivable 305,800 Dividends 68,700 Inventory 348,600 Sales $4,200,600 Estimated Returns Inventory 22,500 Cost of Goods Sold 2,429,700 Office Supplies 10,800 Sales Salaries Expense 683,300 Prepaid Insurance 8,400 Advertising Expense 187,900 Office Equipment 252,400 Depreciation Expense— Store Equipment 36,600 Accumulated Depreciation— Office Equipment...
The following selected accounts and their current balances appear in the ledger of Clairemont Co. for the fiscal year ended May 31, 2018: Cash $109,500 Retained Earnings Dividends Accounts Receivable Inventory Estimated Returns Inventory Sales 297,200 332,900 22,500 10,300 8,000 482,700 65,600 $4,011,400 2,320,300 652,500 179,400 Office Supplies Prepaid Insurance Cost of Goods Sold Sales Salaries Expense Advertising Expense Depreciation Expense- Store Equipment Office Equipment 241,000 35,000 Miscellaneous Selling Expense 15,300 Accumulated Depreciation- Office Equipment Store Equipment Accumulated Depreciation- Store...
The following selected accounts and their current balances appear in the ledger of Clairemont Co. for the fiscal year ended May 31, 2018: Cash $123,500 Retained Earnings 544,200 Accounts Receivable 335,100 Dividends 73,900 Inventory 375,300 Sales $4,522,400 Estimated Returns Inventory 22,500 Cost of Goods Sold 2,615,800 Office Supplies 11,600 Sales Salaries Expense 735,600 Prepaid Insurance 9,000 Advertising Expense 202,300 Office Equipment 271,700 Depreciation Expense— Store Equipment 39,400 Accumulated Depreciation— Office Equipment 184,600 Miscellaneous Selling Expense 17,300 Store Equipment 848,200 Office...
help me with the ones i got wrong please Multiple-step income statement and balance sheet The following selected accounts and their current balances appear in the ledger of Kanpur Co. for the fiscal year ended June 30, 20Y7: Cash $118,100 Retained Earnings $520,600 Accounts Receivable 317,700 Dividends 70,700 Inventory 359,000 Sales 4,326,000 Estimated Returns Inventory 5,000 Cost of Goods Sold 2,502,200 Office Supplies 11,100 Sales Salaries Expense 703,600 Prepaid Insurance 8,600 Advertising Expense 193,500 Office Equipment 259,900 Depreciation Expense— Store...
The following selected accounts and their current balances appear in the ledger of Clairemont Co. for the fiscal year ended May 31, 20Y2: Cash $232,700 Accounts receivable 957,000 Inventory 1,668,600 Estimated returns inventory 21,300 Office supplies 15,600 Prepaid insurance 18,000 Office equipment 827,000 Accumulated depreciation-office equipment 556,000 Store equipment 3,594,800 Accumulated depreciation-store equipment 1,827,100 Accounts payable 361,900 Customer refunds payable 43,400 Salaries payable 41,900 Note payable (final payment due in 6 years) 296,000 Common stock 501,600 Retained earnings 2,786,300 Dividends...