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Multiple-Step Income Statement and Report Form of Balance Sheet The following selected accounts and their...

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Accounting

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Multiple-Step Income Statement and Report Form of Balance Sheet The following selected accounts and their current balances appear in the ledger of Kanpur Co. for the fiscal year ended June 30, 2019: $110,000 295,800 334,300 13,200 Gerri Faber, Drawing Sales Cost of Merchandise Sold Sales Salaries Expense Accounts Receivable Merchandise Inventory Estimated Returns Inventory Office Supplies Prepaid Insurance Office Equipment Accumulated Depreciation-Office Equipment $65,900 3,976,200 2,330,100 655,200 180,200 35,100 15,400 357,700 10,400 Advertising Expense Accumulated Depreciation-Store Equipment Accounts Payable Customer Refunds Payable Salaries Payable Note Payable (final payment due 2032) Gerri Faber, Capital Required: 8,000 Depreciation Expense-Store Equipment 242,000 Miscellianeous Selling Expense 164,500 office Salaries Expense 755,500 Rent Expense 242,000 Insurance Expense 167,500 Depreciation Expen 26,400 Office Supplies Expense 10,700 Miscelaneous Administrative Exp. 352,500 Interest Expense 592,000 16,400 9,700 7,000 10,700 npur Co

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