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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
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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Need to prepare an income statement and need help 

Mountain Top Hardware Practice Set R4V1 ra Mountain Top Hardware Income Statement Sine 30, 2622 18 © Copyright 2020 Dr. Kirk Lynch Mounta
Transcribed Image Text:Mountain Top Hardware Practice Set R4V1 ra Mountain Top Hardware Income Statement Sine 30, 2622 18 © Copyright 2020 Dr. Kirk Lynch Mounta
211 121 124 125 126 127 118 117 113 116 111 112 114 115 110 Current Assets Cash Notes Receivable Accounts Receivable Interest Receivable Merchandise Inventory Estimated Returns Inventory Property Plant and Equipment Land Office Equipment Accum. Deprec. Office Equipment Store Equipment Accum. Deprec. Store Equipment Liabilities Assets Chart of Accounts Mountain Top Hardware Practice Set R4V2 Current Liabilities Office Supplies Store Supplies Prepaid Insurance Owner's Equity Accounts Payable 212 Salaries Payable 214 Customer Refunds Payable Long Term Liabilities 220 Notes Payable 310 SH Pilot Capital 311 SH Pilot Drawing Revenue Mountain Top Hardware 411 Sales Expenses 510 Cost of Merchandise Sold Selling Expenses 521 522 523 524 525 © Copyright Dr. Kirk Lynch 2020 531 532 533 534 535 536 Sales Salaries Expense Advertising Expense Deprec Expense - Store Equipment Store Supplies Expense Misc. Selling Expense Administrative Expenses Office Salaries Expense Deprec. Expense Office Equipment Insurance Expense Office Supplies Expense Rent Expense Misc. Adminstrative Expense Other Income 611 612 Rental Revenue Interest Revenue Other Expenses 711 Interest Expense
Transcribed Image Text:211 121 124 125 126 127 118 117 113 116 111 112 114 115 110 Current Assets Cash Notes Receivable Accounts Receivable Interest Receivable Merchandise Inventory Estimated Returns Inventory Property Plant and Equipment Land Office Equipment Accum. Deprec. Office Equipment Store Equipment Accum. Deprec. Store Equipment Liabilities Assets Chart of Accounts Mountain Top Hardware Practice Set R4V2 Current Liabilities Office Supplies Store Supplies Prepaid Insurance Owner's Equity Accounts Payable 212 Salaries Payable 214 Customer Refunds Payable Long Term Liabilities 220 Notes Payable 310 SH Pilot Capital 311 SH Pilot Drawing Revenue Mountain Top Hardware 411 Sales Expenses 510 Cost of Merchandise Sold Selling Expenses 521 522 523 524 525 © Copyright Dr. Kirk Lynch 2020 531 532 533 534 535 536 Sales Salaries Expense Advertising Expense Deprec Expense - Store Equipment Store Supplies Expense Misc. Selling Expense Administrative Expenses Office Salaries Expense Deprec. Expense Office Equipment Insurance Expense Office Supplies Expense Rent Expense Misc. Adminstrative Expense Other Income 611 612 Rental Revenue Interest Revenue Other Expenses 711 Interest Expense
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