Preparing a merchandisers balance sheet [10 min]Review the data in Exercise.Requirement1....

Preparing a merchandisers balance sheet [10 min]

Review the data in Exercise.

Requirement

1. Prepare Carolina Communications’ classified balance sheet at July 31, 2012. Use the report format.

Preparing a merchandisers income statement[5-10min]

Carolina Communications, Corp., reported the following figures in its financial statements:

Requirement

1. Prepare the business’s multi-step income statement for the year ended July 31, 2012.