Service Fees Interest Income Gains Salaries Expense Rent Expense Utilities Expense Supplies Expense Prepare the statement of Comprehensive Income using the following: a. Single-step approach b. Multi-step approach Depreciation Expense Taxes and Licenses Transportation and Travel Expenses Interest Expenses Miscellaneous Expense Losses TOTAL 325,000.00 40,000.00 23,500.00 13,000.00 55,000.00 72,000.00 9,000.00 3,500.00 1,250.00 25,000.00 567,250.00 950,000.00 80,000.00 30,000.00 1,060,000.00
Service Fees Interest Income Gains Salaries Expense Rent Expense Utilities Expense Supplies Expense Prepare the statement of Comprehensive Income using the following: a. Single-step approach b. Multi-step approach Depreciation Expense Taxes and Licenses Transportation and Travel Expenses Interest Expenses Miscellaneous Expense Losses TOTAL 325,000.00 40,000.00 23,500.00 13,000.00 55,000.00 72,000.00 9,000.00 3,500.00 1,250.00 25,000.00 567,250.00 950,000.00 80,000.00 30,000.00 1,060,000.00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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please show formulas on excel for upvote
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SHOW FORMULAS ON EXCEL I REPEAT = NO FORMULAS NO UPVOTE

Transcribed Image Text:2
3 Service Fees
4 Interest Income
5 Gains
6 Salaries Expense
7 Rent Expense
8 Utilities Expense
9 Supplies Expense
10 Depreciation Expense
11 Taxes and Licenses
12 Transportation and Travel Expenses
13 Interest Expenses
14 Miscellaneous Expense
15 Losses
16 TOTAL
17
18 Service Fees
19 Interest Income
20 Gains
21 Inventory, beg.
22 Purchases
23 Freight-in
24 Purchase Return
25 Purchase Discount
26 Freight-out
27 Sales Commission
28 Advertisting Expense
29 Salaries Expense
30 Rent Expense
31 Depreciation Expense
32 Utilities Expense
Prepare the statement of Comprehensive Income using the following:
a. Single-step approach
b. Multi-step approach
33 Supplies Expense
34 Transporation and Travel Expenses
35 Insurance Expense
36 Taxes and Licenses
37 Interest Expenses
38 Miscellaneous Expense
39 Loss on the sale of equipment
40 TOTAL
41
325,000.00
40,000.00
23,500.00
13,000.00
55,000.00
72,000.00
9,000.00
3,500.00
1,250.00
25,000.00
567,250.00
50,000.00
200,000.00
10,000.00
25,000.00
30,000.00
15,000.00
300,000.00
30,000.00
40,000.00
20,000.00
10,000.00
5,000.00
12,000.00
70,000.00
2,000.00
1,000.00
15,000.00
835,000.00
USE EXCEL AND SHOW FORMULAS FOR UPVOTE
950,000.00
80,000.00
30,000.00
1,060,000.00
900,000.00
60,000.00
20,000.00
5,000.00
7,000.00
992,000.00
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