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Accounting
Account Title Cash Accounts Receivable Interest Receivable Merchandise Inventory Estimated Returns Inventory Office Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Refunds Payable Salaries Payable Interest Payable Unearned Revenue Notes Payable, long-term Common Stock Retained Earnings Dividends Tiger Electronics Company Adjusted Trial Balance March 31, 2018 Sales Revenue Interest Revenue Cost of Goods Sold Salaries Expense-Selling Rent Expense-Selling Salaries Expense-Administrative Utilities Expense-Administrative Depreciation Expense-Equipment (Administrative) Interest Expense Total $ $ Debit Balance 15,000 35,400 350 45,700 800 6,100 132,500 23,000 148,650 27,100 15,500 5,000 10,600 $ 1,325 1,200 468,225 $ Credit 38,925 15,600 4,000 3,100 1,200 13,900 44,000 50,000 3,150 294,000 350 468,225

Account Title Cash Accounts Receivable Interest Receivable Merchandise Inventory Estimated Returns Inventory Office Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Refunds Payable Salaries Payable Interest Payable Unearned Revenue Notes Payable, long-term Common Stock Retained Earnings Dividends Tiger Electronics Company Adjusted Trial Balance March 31, 2018 Sales Revenue Interest Revenue Cost of Goods Sold Salaries Expense-Selling Rent Expense-Selling Salaries Expense-Administrative Utilities Expense-Administrative Depreciation Expense-Equipment (Administrative) Interest Expense Total $ $ Debit Balance 15,000 35,400 350 45,700 800 6,100 132,500 23,000 148,650 27,100 15,500 5,000 10,600 $ 1,325 1,200 468,225 $ Credit 38,925 15,600 4,000 3,100 1,200 13,900 44,000 50,000 3,150 294,000 350 468,225

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Prepare multi step income statement.
Account Title Cash Accounts Receivable Interest Receivable Merchandise Inventory Estimated Returns Inventory Office Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Refunds Payable Salaries Payable Interest Payable Unearned Revenue Notes Payable, long-term Common Stock Retained Earnings Dividends Tiger Electronics Company Adjusted Trial Balance March 31, 2018 Sales Revenue Interest Revenue Cost of Goods Sold Salaries Expense-Selling Rent Expense-Selling Salaries Expense-Administrative Utilities Expense-Administrative Depreciation Expense Equipment (Administrative) Interest Expense Total $ Debit Balance 15,000 35,400 350 45,700 800 6,100 132,500 23,000 148,650 27,100 $ Credit 38,925 15,600 4,000 3,100 1,200 13,900 44,000 50,000 3,150 294,000 350 15,500 5,000 10,600 1,325 1,200 468,225 $ 468,225
Transcribed Image Text:Account Title Cash Accounts Receivable Interest Receivable Merchandise Inventory Estimated Returns Inventory Office Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Refunds Payable Salaries Payable Interest Payable Unearned Revenue Notes Payable, long-term Common Stock Retained Earnings Dividends Tiger Electronics Company Adjusted Trial Balance March 31, 2018 Sales Revenue Interest Revenue Cost of Goods Sold Salaries Expense-Selling Rent Expense-Selling Salaries Expense-Administrative Utilities Expense-Administrative Depreciation Expense Equipment (Administrative) Interest Expense Total $ Debit Balance 15,000 35,400 350 45,700 800 6,100 132,500 23,000 148,650 27,100 $ Credit 38,925 15,600 4,000 3,100 1,200 13,900 44,000 50,000 3,150 294,000 350 15,500 5,000 10,600 1,325 1,200 468,225 $ 468,225
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