Problem 5A-6A Prepare multi-step income statement , single step income statement , owner’s equity st
Problem 5A-6A
Prepare multi-step income statement, single step income statement , owner’s equity statement and balance sheet
the trial balance of MUcci fashion center contained the following accounts at november 30, the end of the company's fiscal year
Trial balance , November 30,2017
Debit Credit
Cash $8400
Accounts Receivable 30600
Merchandise Inventory 34600
Store Supplies 6100
Store Equipment 132800
Acc. Depreciation – Store Equipment $27100
Notes Payable 49000
Accounts Payable 48900
Owner's capital 92200 Owner's drawings 11500
Sales revenue 754600
Sales Returns and Allowances 8300
Purchases 523600 Purchase discounts 9500 Purchase returns and allowances 5700 Freight-in 16200 Salaries Expense 139800
Advertising Expense 24200
Utilities Expense 14400
Maintenance and repair expense 12500
Rent expense 24000
Totals 987000 987000
Adjustment data: Supplies on hand totaled 2100 Depreciation is 12000 on the equipment Interest of 3900 is accrued on notes payable November 30 Inventory on hand at November 30,2017 is 44800
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