Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Cash Common Stock Cost of Goods Sold Freight-Out Equipment Depreciation Expense Dividends Gain on Disposal of Plant Assets Income Tax Expense Insurance Expense Interest Expense Inventory Notes Payable Prepaid Insurance Advertising Expense Rent Expense Retained Earnings Salaries and Wages Expense Salaries and Wages Payable Sales Returns and Allowances Sales Revenue Utilities Expense $ 18,600 12,000 47,600 5,600 24,500 421,600 4,790 120,000 9,500 8,400 1,400 7,000 6,300 3,500 18,300 30,450 4,200 23,450 23,800 12,150 83,160 4,200 13,800 633,800 7.300
Create a Multi-Step Income Statement
Create retained earnings statement
Create a Classified Balance Sheet
and Calculate profit margin and gross profit rate
Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Cash Commonstock Cost of Goods Sold Freight-Out Equipment Depreciation Expense Dividends Gain on Disposal of Plant Assets Income Tax Expense Insurance Expense Interest Expense. Imventory Notes Payable Prepaid Insurance Advertising Expense Rent Expense Retained Earnings Salaries and Woges Expense Salaries and Wages Payable Sales Returns and Allowances Sales Revenue $18,600 12,000 47,600 5,600 24,500 421,600 4,790 120,000 9,500 8,400 1,400 7,000 6,300 3,500 18,300 30,450 4,200 23,450 23,800 12,150 83,160 4,200 13,800 633,800
