The following information for sana co . for year ended 31/12/2017 in euro ...
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Accounting
The following information for sana co . for year ended 31/12/2017 in euro
| Sales | 405000 |
|
| Beginning inventory | 100000 |
|
| Purchases | 350000 |
|
| Fright on Purchases | 16000 |
|
| Purchases return | 35000 |
|
| Salaries | 44000 | 50% selling |
| Fright out | 3000 |
|
| Sales discount | 2000 |
|
| Advertising expenses | 2200 | 50% selling |
| Traveling expenses | 8000 | 50% selling |
| Tele | 600 |
|
| Rent expenses | 4300 | 1300$ selling |
| Supplies expenses | 5300 | Selling |
| Interest expenses | 1700 |
|
| Depreciation expenses | 6700 |
|
| Bad debit expenses | 1000 |
|
| Insurance expenses | 360 |
|
| Interest receivables | 800 |
|
| Interest revenues | 800 |
|
| Prepaid rant | 500 |
|
| Selling commissions | 6000 |
|
| Salaries payable | (5000) |
|
| Ending inventory | 280000 |
|
Required : prepare multiple step income statement and closing entries under tax rate 20%
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