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These are the accounts to be clasified

4. Problem 5-5A Multiple-Step Income Statement and Balance Sheet (Classify the accounts from Problem 5-5A in the textbook according to the classifications listed below. You will not be preparing the actual statements as instructed in the textbook but simply classifying the accounts that are listed in the problem.) \begin{tabular}{lrlr} Cash & $240,000 & Maureen Leon, Capital & $3,449,100 \\ Accounts Receivable & 966,000 & Maureen Leon, Drawing & 100,000 \\ Inventory & 1,690,000 & Sales & 11,343,000 \\ Estimated Returns Inventory & 22,500 & Cost of Goods Sold & 7,850,000 \\ Office Supplies & 13,500 & Sales Salaries Expense & 916,000 \\ Prepaid Insurance & 8,000 & Advertising Expense & 550,000 \\ Office Equipment & 830,000 & Depreciation Expense-Store & 140,000 \\ & & Equipment & 38,000 \\ Accumulated Depreciation- & 550,000 & Miscellaneous Selling Expense & 650,000 \\ Office Equipment & & & 94,000 \\ Store Equipment & 3,600,000 & Office Salaries Expense \\ Accumulated Depreciation- & 1,820,000 & Rent Expense & 50,000 \\ Store Equipment & & & 48,000 \\ Accounts Payable & 321,000 & Depreciation Expense-Office & 28,100 \\ & & Equipment & 14,500 \end{tabular} 4. Problem 5-5A Multiple-Step Income Statement and Balance Sheet (Classify the accounts from Problem 5-5A in the textbook according to the classifications listed below. You will not be preparing the actual statements as instructed in the textbook but simply classifying the accounts that are listed in the problem.) \begin{tabular}{lrlr} Cash & $240,000 & Maureen Leon, Capital & $3,449,100 \\ Accounts Receivable & 966,000 & Maureen Leon, Drawing & 100,000 \\ Inventory & 1,690,000 & Sales & 11,343,000 \\ Estimated Returns Inventory & 22,500 & Cost of Goods Sold & 7,850,000 \\ Office Supplies & 13,500 & Sales Salaries Expense & 916,000 \\ Prepaid Insurance & 8,000 & Advertising Expense & 550,000 \\ Office Equipment & 830,000 & Depreciation Expense-Store & 140,000 \\ & & Equipment & 38,000 \\ Accumulated Depreciation- & 550,000 & Miscellaneous Selling Expense & 650,000 \\ Office Equipment & & & 94,000 \\ Store Equipment & 3,600,000 & Office Salaries Expense \\ Accumulated Depreciation- & 1,820,000 & Rent Expense & 50,000 \\ Store Equipment & & & 48,000 \\ Accounts Payable & 321,000 & Depreciation Expense-Office & 28,100 \\ & & Equipment & 14,500 \end{tabular}

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