Typewritten for an upvote. No upvote for handwritten. Please skip if you have already done this. Thank you Learning Task 4: Prepare the financial statements of the given problem...52,000Accounts Payable38,000Accounts Receivable1,200Accrued Interest Expense8,000Accumulated Depreciation StoreEquipmentAdvertising Expense25,000Allowance for Bad Debts2,300Bad Debts Expense1.100Cash21,000Depreciation Expense - Store Equipment4,000Freight in2,700Freight-out2,200Insurance Expense18.000Interest Expense4,400Kitty, Capital66,700Kitty, Drawing12,0003855Merchandise Inventory, January 143.000SEVES RABIESMerchandise Inventory, December 3147,000CONSNotes Payable (due June 30, 2018)100,000Prepaid Rent60,000Purchase Returns and Allowances1,500Purchases295,000Salaries Expense140,000Sales470,000Sales Discount3.000Store Equipment40,0002014TOOLSTVOnStore Supplies3.600AMORA RStore Supplies Expense2,700Unearned Sales Revenue14,000Required: Based on the account balances listed above, prepare the following for HelloTrading:(a) Multiple Income Statement for the year ended December 31, 2015(b) A Statement of Changes in Owner's Equity for the year ended Dec 31, 2015(c) A report-form Statement of Financial Position/Balance Sheet as of Dec 31, 2015.

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Learning Task 4: Prepare the financial statements of the given problem... 52,000 Accounts Payable Accounts Receivable 38,000 Accrued Interest Expense 1,200 Accumulated Depreciation - Store Equipment 8,000 Advertising Expense 25,000 Allowance for Bad Debts 2,300 Bad Debts Expense 1,100 Cash 21,000 1672 Depreciation Expense - Store Equipment 4,000 Freight-in 2,700 Freight-out 2,200 Insurance Expense 18,000 Interest Expense 4,400 Kitty, Capital 66,700 Kitty, Drawing 12,000 Merchandise Inventory, January 1 43,000 Merchandise Inventory, December 31 47.000 Notes Payable (due June 30, 2018) 100,000 Prepaid Rent 60,000 Purchase Returns and Allowances 1,500 Purchases 295,000 Salaries Expense 140,000 Sales 470,000 Sales Discount 3,000 Store Equipment 40,000 Store Supplies 3.600 Store Supplies Expense 2,700 Unearned Sales Revenue 14,000 WHENLAN

Learning Task 4: Prepare the financial statements of the given problem... 52,000 Accounts Payable Accounts Receivable 38,000 Accrued Interest Expense 1,200 Accumulated Depreciation - Store Equipment 8,000 Advertising Expense 25,000 Allowance for Bad Debts 2,300 Bad Debts Expense 1,100 Cash 21,000 1672 Depreciation Expense - Store Equipment 4,000 Freight-in 2,700 Freight-out 2,200 Insurance Expense 18,000 Interest Expense 4,400 Kitty, Capital 66,700 Kitty, Drawing 12,000 Merchandise Inventory, January 1 43,000 Merchandise Inventory, December 31 47.000 Notes Payable (due June 30, 2018) 100,000 Prepaid Rent 60,000 Purchase Returns and Allowances 1,500 Purchases 295,000 Salaries Expense 140,000 Sales 470,000 Sales Discount 3,000 Store Equipment 40,000 Store Supplies 3.600 Store Supplies Expense 2,700 Unearned Sales Revenue 14,000 WHENLAN

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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