Prepare a year end multi step income statement and a classified balance sheet: Cash 6000...
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Accounting
Prepare a year end multi step income statement and a classified balance sheet:
Cash 6000
Equipment 45000
Administrative expenses 23000
Accumulated depreciation 30000
Cost of merchandise sold 30000
Common stock 15000
Interesting expense 500
Rent Revenue 12000
Unearned fees 400
Supplies 450
Prepaid insurance 500
Accounst Receivable 4500
Bonds payable 10000
Sales 84000
Selling expenses 2000
Retained earnings 1050
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