Interest Revenue Merchandise Inventory Notes Payable, long-term Salaries Payable Net Sales Revenue Rent Expense (Selling) Salaries Expense (Administrative) Office Supplies Unearned Revenue Interest Expense Depreciation Expense-Equipment (Administrative) Utilities Expense (Administrative) Delivery Expense (Selling) Requirements 1. Prepare a single-step income statement. $ 550 45,500 44,000 Accumulated Depreciation-Equipment 3,000 Common Stock 290,000 Retained Earnings 21,600 Dividends 1,700 5,500 13,200 Equipment 2,000 Interest Payable 1,315 Rent Expense (Administrative) 4,700 Salaries Expense (Selling) 3,300 Utilities Expense (Selling) Accounts Payable Accounts Receivable Print Cash Cost of Goods Sold Done S 17,800 35,200 36,700 34,000 11,665 22,000 7,700 139,200 131,500 1,000 9,400 5,800 11,500

Interest Revenue Merchandise Inventory Notes Payable, long-term Salaries Payable Net Sales Revenue Rent Expense (Selling) Salaries Expense (Administrative) Office Supplies Unearned Revenue Interest Expense Depreciation Expense-Equipment (Administrative) Utilities Expense (Administrative) Delivery Expense (Selling) Requirements 1. Prepare a single-step income statement. $ 550 45,500 44,000 Accumulated Depreciation-Equipment 3,000 Common Stock 290,000 Retained Earnings 21,600 Dividends 1,700 5,500 13,200 Equipment 2,000 Interest Payable 1,315 Rent Expense (Administrative) 4,700 Salaries Expense (Selling) 3,300 Utilities Expense (Selling) Accounts Payable Accounts Receivable Print Cash Cost of Goods Sold Done S 17,800 35,200 36,700 34,000 11,665 22,000 7,700 139,200 131,500 1,000 9,400 5,800 11,500

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter12: Financial Statements, Closing Entries, And Reversing Entries

Section: Chapter Questions

Problem 3E: Identify each of the following items relating to sections of an income statement as Revenue from...

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