Produce an outline Income Statement and Balance Sheet according to the following accounts Assets cash...
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Accounting
Produce an outline Income Statement and Balance Sheet according to the following accounts
Assets
cash
A/R- South Pole Shop
A/R- Accessory Shop
A/R- Discount Etc.
allowance for doubtful accounts
prepaid rent
prepaid insurance
merchandise inventory
equipment
accum Depr- Equipment
fixtures
accum Depr- Fixtures
Liabilities
A/P- Indepednent Sales
A/P- North County line
A/P- Simba accessories
wages payable
notes payable
unearned sales
Capital
beth Johnson, Capital
beth Johnson, Drawing
Revenue
sales
Expenses
cost of merchandise sold
salaries expense
rent expense
insurance expense
advertising expense
bad debt expense
utilities expense
depreciation expense
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