Sales Sales Revenue Less V: Sales Returns and Allowances Net Sales Skysong, Inc. Income Statement LA K LA Please don't provide answer in image format thank you SalesSales RevenueLess :Net SalesSales Returns and AllowancesSkysong, Inc.Income Statementin4I CashAccounts ReceivableInventorySuppliesEquipmentAccumulated Depreciation-EquipmentNotes PayableAccounts PayableCommon StockRetained Earnings1.2.3.DividendsAdjustment data:4.Skysong, Inc.Trial BalanceNovember 30, 2022Sales RevenueSales Returns and AllowancesCost of Goods SoldSalaries and Wages ExpenselAdvertising ExpenseUtilities ExpenseMaintenance and Repairs ExpenseFreight-OutRent ExpenseTotalsDebit$8,60029,90045,8006,200134,00010,5008,900497,000140,00024,30014,00011.70016.60023,700Credit$29,00052,50039,30055,00040,000755,400$971.200 $971,200Supplies on hand totaled $2,000.Depreciation is $12,500 on the equipment.Interest of $4,000 is accrued on notes payable at November 30.Inventory actually on hand is $45,200.44

Name: Sales Sales Revenue Less V: Sales Returns and Allowances Net Sales Sky
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Description: Sales Sales Revenue Less V: Sales Returns and Allowances Net Sales Skysong, Inc. Income Statement LA K LA Please don't provide answer in image format thank you SalesSales RevenueLess :Net SalesSales Returns and AllowancesSkysong, Inc.Income Statement

Income Statement is a financial statement that includes revenue earned and expenses incurred during…

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Cash Accounts Receivable Inventory Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings 1. 2. 3. Dividends 4. Sales Revenue Sales Returns and Allowances Adjustment data: Skysong, Inc. Trial Balance November 30, 2022 Cost of Goods Sold Salaries and Wages Expense Advertising Expense Utilities Expense Maintenance and Repairs Expense Freight-Out Rent Expense Totals. Debit $8,600 29.900 45,800 6,200 134,000 10,500 8,900 497,000 140,000 24,300 14,000 11.700. 16.600 Credit $ 29,000 52,500 39,300 55,000 40,000 755,400 23,700 $971.200 $971,200 Supplies on hand totaled $2,000. Depreciation is $12,500 on the equipment. Interest of $4,000 is accrued on notes payable at November 30. Inventory actually on hand is $45,200. 4

Cash Accounts Receivable Inventory Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings 1. 2. 3. Dividends 4. Sales Revenue Sales Returns and Allowances Adjustment data: Skysong, Inc. Trial Balance November 30, 2022 Cost of Goods Sold Salaries and Wages Expense Advertising Expense Utilities Expense Maintenance and Repairs Expense Freight-Out Rent Expense Totals. Debit $8,600 29.900 45,800 6,200 134,000 10,500 8,900 497,000 140,000 24,300 14,000 11.700. 16.600 Credit $ 29,000 52,500 39,300 55,000 40,000 755,400 23,700 $971.200 $971,200 Supplies on hand totaled $2,000. Depreciation is $12,500 on the equipment. Interest of $4,000 is accrued on notes payable at November 30. Inventory actually on hand is $45,200. 4

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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