Sales Discount 40000 Rent Income 180000 Interest Income 263 Cost of Goods Sold 1117000 Office Salaries Expense 516000 Store Salaries Expense 774000 Utilities Expense - Office 240000 Utilities Expense - Store 290000 Depreciation Expense - Building 80000 Depreciation Expense - Office Furniture and Equipment 27000 Depreciation Expense - Store Furniture and Equipment 20000 Office Supplies Expense 6000 Stores Supplies Expense 14000 Freight - out 22000 Insurance Expenses 15000 Doubtful Account Expenses 3000 Taxes and Licenses Expense 400000 Miscellaneous Distribution Cost 2300 Miscellaneous Administrative Expenses 17000 Income Summary 10124263.01 10124263.01
Sales Discount 40000 Rent Income 180000 Interest Income 263 Cost of Goods Sold 1117000 Office Salaries Expense 516000 Store Salaries Expense 774000 Utilities Expense - Office 240000 Utilities Expense - Store 290000 Depreciation Expense - Building 80000 Depreciation Expense - Office Furniture and Equipment 27000 Depreciation Expense - Store Furniture and Equipment 20000 Office Supplies Expense 6000 Stores Supplies Expense 14000 Freight - out 22000 Insurance Expenses 15000 Doubtful Account Expenses 3000 Taxes and Licenses Expense 400000 Miscellaneous Distribution Cost 2300 Miscellaneous Administrative Expenses 17000 Income Summary 10124263.01 10124263.01
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Topic Video
Question
c) Prepare the company’s functional-form Income Statement for the fiscal year ended September 30, 2020.
d)Prepare the company’s Statement of Changes in Equity for the fiscal year ended September 30, 2020.
e) Prepare the company’s report form Statement of Financial Positionas of September 30,2020.
![](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa3cd6908-ab74-4510-b702-6ac69113596f%2Fa53f58cf-9acb-496a-9600-808e4d056d70%2F7krxz3q.jpeg&w=3840&q=75)
![Sales Discount
40000
Rent Income
180000
Interest Income
263
Cost of Goods Sold
1117000
Office Salaries Expense
516000
Store Salaries Expense
774000
Utilities Expense - Office
240000
Utilities Expense - Store
290000
Depreciation Expense - Building
80000
Depreciation Expense - Office Furniture and Equipment
27000
Depreciation Expense - Store Furniture and Equipment
20000
Office Supplies Expense
6000
Stores Supplies Expense
14000
Freight - out
22000
Insurance Expenses
15000
Doubtful Account Expenses
3000
Taxes and Licenses Expense
400000
Miscellaneous Distribution Cost
2300
Miscellaneous Administrative Expenses
17000
Income Summary
10124263.01
10124263.01](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa3cd6908-ab74-4510-b702-6ac69113596f%2Fa53f58cf-9acb-496a-9600-808e4d056d70%2Fh9tjd9r.jpeg&w=3840&q=75)
Transcribed Image Text:Sales Discount
40000
Rent Income
180000
Interest Income
263
Cost of Goods Sold
1117000
Office Salaries Expense
516000
Store Salaries Expense
774000
Utilities Expense - Office
240000
Utilities Expense - Store
290000
Depreciation Expense - Building
80000
Depreciation Expense - Office Furniture and Equipment
27000
Depreciation Expense - Store Furniture and Equipment
20000
Office Supplies Expense
6000
Stores Supplies Expense
14000
Freight - out
22000
Insurance Expenses
15000
Doubtful Account Expenses
3000
Taxes and Licenses Expense
400000
Miscellaneous Distribution Cost
2300
Miscellaneous Administrative Expenses
17000
Income Summary
10124263.01
10124263.01
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