Need to prepare an income statement and need help Mountain Top Hardware Practice Set R4V1raMountain Top HardwareIncome StatementSine30, 262218© Copyright 2020 Dr. Kirk LynchMounta 211121124125126127118117113116111112114115110Current AssetsCashNotes ReceivableAccounts ReceivableInterest ReceivableMerchandise InventoryEstimated Returns InventoryProperty Plant and EquipmentLandOffice EquipmentAccum. Deprec. Office EquipmentStore EquipmentAccum. Deprec. Store EquipmentLiabilitiesAssetsChart of AccountsMountain Top Hardware Practice Set R4V2Current LiabilitiesOffice SuppliesStore SuppliesPrepaid InsuranceOwner's EquityAccounts Payable212Salaries Payable214 Customer Refunds PayableLong Term Liabilities220Notes Payable310SH Pilot Capital311 SH Pilot DrawingRevenueMountain Top Hardware411 SalesExpenses510 Cost of Merchandise SoldSelling Expenses521522523524525© Copyright Dr. Kirk Lynch 2020531532533534535536Sales Salaries ExpenseAdvertising ExpenseDeprec Expense - Store EquipmentStore Supplies ExpenseMisc. Selling ExpenseAdministrative ExpensesOffice Salaries ExpenseDeprec. Expense Office EquipmentInsurance ExpenseOffice Supplies ExpenseRent ExpenseMisc. Adminstrative ExpenseOther Income611612Rental RevenueInterest RevenueOther Expenses711 Interest Expense

Financial Statements : These are the statements prepare at the end of accounting year to know about…

Cash Notes Receivable Accounts Receivable Interest Receivable Merchandise Inventory stimated Returns Inventory ffice Supplies pre Supplies paid Insurance nt and Equipment Equipment - Deprec. Office Equipment quipment Deprec. Store Equipment Expens 510 Selling Expenses 521 522 523 524 525 Cost of Merchandise Sold 531 532 Administrative Expenses 533 534 535 536 Sales Salaries Expense Advertising Expense Deprec Expense - Store E Store Supplies Expense Misc. Selling Expense Office Salaries Expense Deprec. Expense Office E Insurance Expense Office Supplies Expense Rent Expense Misc. Adminstrative Exp

Cash Notes Receivable Accounts Receivable Interest Receivable Merchandise Inventory stimated Returns Inventory ffice Supplies pre Supplies paid Insurance nt and Equipment Equipment - Deprec. Office Equipment quipment Deprec. Store Equipment Expens 510 Selling Expenses 521 522 523 524 525 Cost of Merchandise Sold 531 532 Administrative Expenses 533 534 535 536 Sales Salaries Expense Advertising Expense Deprec Expense - Store E Store Supplies Expense Misc. Selling Expense Office Salaries Expense Deprec. Expense Office E Insurance Expense Office Supplies Expense Rent Expense Misc. Adminstrative Exp

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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