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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Need to prepare an income statement and need help
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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

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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