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Prepare SFP

Prepare SFP

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 SFP

Cash $ 290,800 Kristina Marble, Drawing $ 121,200 Accounts Receivable 1,170,600 Sales 13,746,00 Cost of Merchandise Merchandise Inventory 2,075,300 Sold 9,513,000 Office Supplies Prepaid Insurance 16,400 Sales Salaries Expense 1,110,100 Advertising Expense 9,700 666,500 Office Equipment 1,005,800 Depreciation Expense- Accumulated Depreciation- Store Equipment 169,700 Miscellaneous Selling Office Equipment 666,500 46,100 Expense Store Equipment 4,362,700 Office Salaries Expense 787,700 Accumulated Rent Expense 113,900 Depreciation- Store Equipment 2,205,600 Depreciation Expense- Accounts Payable 395,100 Office Equipment 60,600 Customer Refunds 48,500 Insurance Expense 58,200 Payable Salaries Payable 50,300 Office Supplies Expense 34,100 Miscellaneous Note Payable 17,600 Administrative Exp. (final payment due in 10 years) Kristina Marble, Capital 4,179,800 363,600 Interest Expense 25,400
Transcribed Image Text:Cash $ 290,800 Kristina Marble, Drawing $ 121,200 Accounts Receivable 1,170,600 Sales 13,746,00 Cost of Merchandise Merchandise Inventory 2,075,300 Sold 9,513,000 Office Supplies Prepaid Insurance 16,400 Sales Salaries Expense 1,110,100 Advertising Expense 9,700 666,500 Office Equipment 1,005,800 Depreciation Expense- Accumulated Depreciation- Store Equipment 169,700 Miscellaneous Selling Office Equipment 666,500 46,100 Expense Store Equipment 4,362,700 Office Salaries Expense 787,700 Accumulated Rent Expense 113,900 Depreciation- Store Equipment 2,205,600 Depreciation Expense- Accounts Payable 395,100 Office Equipment 60,600 Customer Refunds 48,500 Insurance Expense 58,200 Payable Salaries Payable 50,300 Office Supplies Expense 34,100 Miscellaneous Note Payable 17,600 Administrative Exp. (final payment due in 10 years) Kristina Marble, Capital 4,179,800 363,600 Interest Expense 25,400
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