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acct100 ch 13

come Statement Calculations 1. Net Sales 2. Cost of Goods Sold 3. Gross Profit 4. Total Operating Expenses Selling Expenses General Expenses 5. Income from Operations 6. Other Income 7. Other Expense 8. Net Income Key Orly Beans A Trance December 31, 2020 Adance Account De CA Cast 54,600 Acos Receivable 141.310 Not Recebi 2022 180 Merchandise Inventory 257,000 Warhouse Supplies 2,820 Ooo Supps 1.450 Prepaid on 10.200 Warehouse Equipment 37 000 Acoume Deprec-Warehouse Equip 17,400 Delvery Equipment 51.000 Accurated Deprec-Delivery Eau 19.500 Office Equipment 25.000 Accumulated Depremice Equip 12.000 Notes Payable due 2022 20.200 Accounts Payable 38.500 interest Payable 580 Mortgage Payable 51.000 Loan Payabi-Due 2030 17.000 Kelly Green Capital 412.450 Kelly Greer Drawing 37.000 Income Summary 244,000 257.000 Sales 1742,000 Sales Returns & Allowances 18.200 Sales Discounts 1,900 Interest income 1580 Purchases 767.000 Freight in 13,800 Purchase Returns & Allowances 8.640 Purchase Discounts 11.160 Sales Sataries Epente 269.200 Warehouse Wiges Expense 199,600 Delivery Expense 25.800 Insurance Expense 16.200 Depreciation Expense - Warehouse Equip 5,800 Les Experise. Store 13 100 Office Sales Expense 135.600 Payroll Taxes Expense 59.000 Depreciation Expense -elivery Equip 5 800 Advertising Expense 51 350 Depreciation Expense-Office Equip 3.920 Store Supplies Expense 16.840 Office Supplies Expense 10.94 Warehouse Supplies Experise 14.100 Utilities Expense 19.250 Telephone Expense 11.520 Interest Expense 8.200 2.818.920 2.818.920 come Statement Calculations 1. Net Sales 2. Cost of Goods Sold 3. Gross Profit 4. Total Operating Expenses Selling Expenses General Expenses 5. Income from Operations 6. Other Income 7. Other Expense 8. Net Income