Finish the Income Statement and Balance Sheet using the data provided, and calculate the final total

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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Finish the Income Statement and Balance Sheet using the data provided, and calculate the final total 

33
Sales
535,391.00
34
Sales Discount
Sales Returns and Allowances
Purchases
Purchases Discount
Purchases Returns and Allowances
Advertising Expenses
Cash Short and Over
Credit Card Fee Expense
Deoreciation Expense--Office Equipment
Deoreciation Expense--Store Equipment
1,000.00
35
4,500.00
26
291,657.00
27
4,100.00
29
3.700.00
39
12,500.00
40
16.00
41
11,296.00
42
4.600.00
43
5.200.00
44
Insurance Expense
Miscellaneous Exoense
6.250.00
45
15.487.00
Payroll Taxes Expense
Rent Expense
Salary Expense
Supplies Expense--Office
Supplies Expense--Store
Uncollectible Accounts Expense
Utilities Expense
Totals
46
17.000.00
47
20.000.00
49
144.358.00
49
4.409.00
50
3,869.00
51
1,707.00
52
9,548.00
53
54
55
56
Transcribed Image Text:33 Sales 535,391.00 34 Sales Discount Sales Returns and Allowances Purchases Purchases Discount Purchases Returns and Allowances Advertising Expenses Cash Short and Over Credit Card Fee Expense Deoreciation Expense--Office Equipment Deoreciation Expense--Store Equipment 1,000.00 35 4,500.00 26 291,657.00 27 4,100.00 29 3.700.00 39 12,500.00 40 16.00 41 11,296.00 42 4.600.00 43 5.200.00 44 Insurance Expense Miscellaneous Exoense 6.250.00 45 15.487.00 Payroll Taxes Expense Rent Expense Salary Expense Supplies Expense--Office Supplies Expense--Store Uncollectible Accounts Expense Utilities Expense Totals 46 17.000.00 47 20.000.00 49 144.358.00 49 4.409.00 50 3,869.00 51 1,707.00 52 9,548.00 53 54 55 56
Worksheet
For Period Ended June 30, 20XX
5.
6
TRIAL BALANCE
ADJUSTMENTS
INCOME STATEMENT
BALANCE SHEET
ACCOUNT TITLE
DEBIT
CREDIT
DEBIT
CREDIT
DEBIT
CREDIT
DEBIT
CREDIT
Cash
211,362.00
Petty Cash
1,300.00
10
Accounts Receivable
28,456.00
11
Allowance for Uncollectible Accounts
732.00
1.707.00
12
Merchandise Inventory
318,528.00
11.300.00
13
Supplies--Office
Supplies--Store
6,012.00
4,409.00
14
8,751.00
3,809.00
15
Prepaid Insurance
Office Equipment
12,500.00
6.250.00
16
77,564.00
17
Accumulated Depreciation--Office Equipment
Store Equipment
Accumulated Depreciation--Store Equipment
Accounts Payable
4,500.00
4.600.00
18
183,254.00
19
6,500.00
5.200.00
20
11,963.00
21
Employee Income Tax Payable
Social Security Tax Payable
Medicare Tax Payable
Sales Tax Payable
Unemployment Tax Payable--Federal
Unemployment Tax Payable--State
Health Insurance Premiums Payable
Dividends Payable
3,200.00
22
800.00
23
220.00
24
3,890.00
25
32.00
26
210.00
27
1,100.00
29
29
Capital Stock
729,386.00
30
Retained Earnings
Dividends
Income Summary
70,952.00
31
21,587.00
32
11.300.00
Transcribed Image Text:Worksheet For Period Ended June 30, 20XX 5. 6 TRIAL BALANCE ADJUSTMENTS INCOME STATEMENT BALANCE SHEET ACCOUNT TITLE DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT Cash 211,362.00 Petty Cash 1,300.00 10 Accounts Receivable 28,456.00 11 Allowance for Uncollectible Accounts 732.00 1.707.00 12 Merchandise Inventory 318,528.00 11.300.00 13 Supplies--Office Supplies--Store 6,012.00 4,409.00 14 8,751.00 3,809.00 15 Prepaid Insurance Office Equipment 12,500.00 6.250.00 16 77,564.00 17 Accumulated Depreciation--Office Equipment Store Equipment Accumulated Depreciation--Store Equipment Accounts Payable 4,500.00 4.600.00 18 183,254.00 19 6,500.00 5.200.00 20 11,963.00 21 Employee Income Tax Payable Social Security Tax Payable Medicare Tax Payable Sales Tax Payable Unemployment Tax Payable--Federal Unemployment Tax Payable--State Health Insurance Premiums Payable Dividends Payable 3,200.00 22 800.00 23 220.00 24 3,890.00 25 32.00 26 210.00 27 1,100.00 29 29 Capital Stock 729,386.00 30 Retained Earnings Dividends Income Summary 70,952.00 31 21,587.00 32 11.300.00
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