please prepare multi-step income statement. thank youu
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter24: Analysis Of Financial Statements
Section: Chapter Questions
Problem 2SEB: ANALYSIS OF ACTIVITY MEASURES Based on the financial statement data in Exercise 24-1B, compute the...
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please prepare multi-step income statement.
thank youu
![PERFORMANCE TASK for Application of SCI, SCE, and Worksheet
Below is the adjusted balance of Buhaypa Hardware for the calendar year 2018
BUHAYPA HARDWARE
Cash
130 115.00 Purchases
1 320.00
Notes Receivable
30 000.00 Freight-in
30 875.00
Purchase Returns and
Accounts Receivable
98 750.00
2 585.00
Allowances
Allowance for
4 835.00 Purchase Discount
20 000.00
Impairment Loss
Merchandise
785 345.00 Sales Salaries
115 600.00
Inventory, 1/1
Prepaid Insurance
Unused Supplies
18 000.00
6 000.00 Advertising Expense
3 750.00 Freight-out
Depreciation -
Equipment
12 260.00
- Store
Store Equipment
120 000.00
12 000.00
Accumulated
Miscellaneous Selling
Expenses
Depreciation - Store
Equipment
Office Equipment
36 000.00
17 650.00
60 000.00 Office Salaries
65 900.00
Accumulated
Depreciation – Office
Equipment
Accounts Payable
Notes Payable
18 000.00 Rent Expense
48 000.00
371 535.00 Insurance Expense
50 000.00 Supplies Expense
Depreciation – Office
Equipment
48 000.00 Impairment Loss
9 000.00
8 650.00
Mr. Z, Capital
527 030.00
6 000.00
Mr. Z, Drawing
2 515.00
Miscellaneous General
Sales
1 950 345.00
1 800.00
Expenses
4 020.00 Interest Income
Sales Return
1 200.00
20 800.00 Interest Expense
NOTE: Ending Inventory of Merchandise, 715 250 pesos
Sales Discount
6 000.00
CS Scarned with CamScanner](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F61316ef8-f224-44ba-a971-0121854cd817%2F96942fe9-d0de-4229-8ece-604d365d28ba%2F2ysvog_processed.jpeg&w=3840&q=75)
Transcribed Image Text:PERFORMANCE TASK for Application of SCI, SCE, and Worksheet
Below is the adjusted balance of Buhaypa Hardware for the calendar year 2018
BUHAYPA HARDWARE
Cash
130 115.00 Purchases
1 320.00
Notes Receivable
30 000.00 Freight-in
30 875.00
Purchase Returns and
Accounts Receivable
98 750.00
2 585.00
Allowances
Allowance for
4 835.00 Purchase Discount
20 000.00
Impairment Loss
Merchandise
785 345.00 Sales Salaries
115 600.00
Inventory, 1/1
Prepaid Insurance
Unused Supplies
18 000.00
6 000.00 Advertising Expense
3 750.00 Freight-out
Depreciation -
Equipment
12 260.00
- Store
Store Equipment
120 000.00
12 000.00
Accumulated
Miscellaneous Selling
Expenses
Depreciation - Store
Equipment
Office Equipment
36 000.00
17 650.00
60 000.00 Office Salaries
65 900.00
Accumulated
Depreciation – Office
Equipment
Accounts Payable
Notes Payable
18 000.00 Rent Expense
48 000.00
371 535.00 Insurance Expense
50 000.00 Supplies Expense
Depreciation – Office
Equipment
48 000.00 Impairment Loss
9 000.00
8 650.00
Mr. Z, Capital
527 030.00
6 000.00
Mr. Z, Drawing
2 515.00
Miscellaneous General
Sales
1 950 345.00
1 800.00
Expenses
4 020.00 Interest Income
Sales Return
1 200.00
20 800.00 Interest Expense
NOTE: Ending Inventory of Merchandise, 715 250 pesos
Sales Discount
6 000.00
CS Scarned with CamScanner
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