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Kakapoy Computer Enterprise began operations in 2017. A disorganized trial balance as of end of second year, 2018, is given below. Prepare the SCI (Multi-Step Form) and SFP (Report Form) All currency is in US Dollars Kakapoy Computer Enterprise Trial Balance December 31, 2018 Account Debit Credit Office Rent Cash on Hand $4 %$4 20,000.00 60,000.00 309,000.00 Cash in Bank Merchandise Inventory, 1 January VAT Payable Supplies Inventory Accoumulated 137,500.00 $4 54,500.00 $4 6,000.00 Depreciation - Office Furniture and Equipment Office Salaries and Wages Notes Payable (due 2021) Sales $ 49,000.00 130,000.00 24 140,000.00 2$ 1,257,500.00 Purchases 24 500,000.00 Salaries and Wages - $ 40,500.00 Store $4 15,000.00 Purchase Discount Office Furniture and 214,500.00 Equipment Depreciation Expense - Office Furniture and Equipment Accounts Recievable Bad Debts Expense Interest Expense $ 25,000.00 %$4 $4 38,000.00 2,800.00 67,500.00 5 500 00

Kakapoy Computer Enterprise began operations in 2017. A disorganized trial balance as of end of second year, 2018, is given below. Prepare the SCI (Multi-Step Form) and SFP (Report Form) All currency is in US Dollars Kakapoy Computer Enterprise Trial Balance December 31, 2018 Account Debit Credit Office Rent Cash on Hand $4 %$4 20,000.00 60,000.00 309,000.00 Cash in Bank Merchandise Inventory, 1 January VAT Payable Supplies Inventory Accoumulated 137,500.00 $4 54,500.00 $4 6,000.00 Depreciation - Office Furniture and Equipment Office Salaries and Wages Notes Payable (due 2021) Sales $ 49,000.00 130,000.00 24 140,000.00 2$ 1,257,500.00 Purchases 24 500,000.00 Salaries and Wages - $ 40,500.00 Store $4 15,000.00 Purchase Discount Office Furniture and 214,500.00 Equipment Depreciation Expense - Office Furniture and Equipment Accounts Recievable Bad Debts Expense Interest Expense $ 25,000.00 %$4 $4 38,000.00 2,800.00 67,500.00 5 500 00

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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Prepare the Income Statement (multi-step) and Financial Position (Report form) thank you
Kakapoy Computer Enterprise began operations in 2017. A disorganized trial balance as of end of second year, 2018, is given below. Prepare the SCI (Multi-Step Form) and SFP (Report Form) All currency is in US Dollars Kakapoy Computer Enterprise Trial Balance December 31, 2018 Account Debit Credit Office Rent $ 20,000.00 60,000.00 309,000.00 Cash on Hand Cash in Bank Merchandise Inventory, 1 January VAT Payable Supplies Inventory Accoumulated %$4 $ 137,500.00 %$4 54,500.00 $4 6,000.00 Depreciation - Office Furniture and Equipment Office Salaries and Wages Notes Payable (due 2021) $ 49,000.00 $4 130,000.00 %24 140,000.00 1,257,500.00 Sales Purchases Salaries and Wages - %$4 500,000.00 $ 40,500.00 Store 15,000.00 Purchase Discount Office Furniture and $ 214,500.00 Equipment Depreciation Expense - Office Furniture and $ 25,000.00 Equipment Accounts Recievable Bad Debts Expense Interest Expense Store Supplies Used Depreciation Expense - 38,000.00 2,800.00 67,500.00 5,500.00 20,000.00 2$ 2$ cs Scarmed wilh Carduanrer
Transcribed Image Text:Kakapoy Computer Enterprise began operations in 2017. A disorganized trial balance as of end of second year, 2018, is given below. Prepare the SCI (Multi-Step Form) and SFP (Report Form) All currency is in US Dollars Kakapoy Computer Enterprise Trial Balance December 31, 2018 Account Debit Credit Office Rent $ 20,000.00 60,000.00 309,000.00 Cash on Hand Cash in Bank Merchandise Inventory, 1 January VAT Payable Supplies Inventory Accoumulated %$4 $ 137,500.00 %$4 54,500.00 $4 6,000.00 Depreciation - Office Furniture and Equipment Office Salaries and Wages Notes Payable (due 2021) $ 49,000.00 $4 130,000.00 %24 140,000.00 1,257,500.00 Sales Purchases Salaries and Wages - %$4 500,000.00 $ 40,500.00 Store 15,000.00 Purchase Discount Office Furniture and $ 214,500.00 Equipment Depreciation Expense - Office Furniture and $ 25,000.00 Equipment Accounts Recievable Bad Debts Expense Interest Expense Store Supplies Used Depreciation Expense - 38,000.00 2,800.00 67,500.00 5,500.00 20,000.00 2$ 2$ cs Scarmed wilh Carduanrer
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