The accounts listed below appear on the worksheet of Heritage Crafts. Indicate the section of the classified
Question:
classified income statement in which each account will be reported.
SECTIONS OF CLASSIFIED INCOME STATEMENT
a. Operating Revenue
b. Cost of Goods Sold
c. Operating Expenses
d. Other Income
e. Other Expenses
ACCOUNTS
1. Purchases Returns and Allowances
2. Telephone Expense
3. Sales Returns and Allowances
4. Purchases
5. Interest Income
6. Merchandise Inventory
7. Interest Expense
8. Sales
9. Depreciation Expense-Store Equipment
10. Rent Expense
11. Sales Discounts
12. Supplies Expense
13. Freight In
14. Purchases Discounts
15. Uncollectible Accounts Expense
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 93% (15 reviews)
1 Purchase returns and allowances b 2 Telephone Expense c 3 Sales Returns and ...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
4th edition
Authors: David Haddock, John Price, Michael Farina
Question Posted:
Students also viewed these Accounting questions
-
The accounts listed on the next page appear on the worksheet of Giddy's Craft Store. Indicate the section of the classified income statement in which each account will be reported. SECTIONS OF...
-
The following accounts appear on the worksheet of Giddy's Craft Store at December 31, 2013. Indicate the section of the classified balance sheet in which each account will be reported. SECTIONS OF...
-
The following accounts appear on the worksheet of Santos Craft Store at December 31, 2016. Indicate the section of the classified balance sheet in which each account will be reported. SECTIONS OF...
-
1. You are required to compare the results of your printed reports and the results of reports of the MYOB assignment book in your MYOB assignment. If it is assumed that two results of the reports are...
-
Sketch Bz versus y for points on the y axis when the directions of the currents are opposite to those in Problem 26. y = -6 cm y = +6 cm
-
Describe the possible losses to our society and the economy when people are unemployed.
-
Describe the purpose of certification and licensure, and list reasons for revocation of licenses.
-
G.S. Adams Jr., vice president of the Washington Bank & Trust Co., met with Bruce Bickham. An agreement was reached whereby Bickham agreed to do his personal and corporate banking business with the...
-
Write a one paragraph editorial on what your opinion is of using credit in life. Is credit a good thing/bad thing as you move through life?
-
Find two examples of companies products or organizations which display social responsibility one which displays good social responsibility and one which displays poor social responsibility For each...
-
McCormick and Company, Incorporated reported the following in its 2014 Annual Report: Analyze: 1. Based on the information presented above, which categories might require adjusting entries at the end...
-
Solomon Company reports the following in its most recent year of operations: Sales, $1,000,000 (all on account) Cost of goods sold, $490,000 Gross profit, $510,000 Accounts receivable, beginning...
-
Statistical software packages, such as SAS and MINITAB, are capable of generating random numbers from a uniform distribution. For example, the SAS function RANUNI uses a prime modulus 2 31 1...
-
Cole is creating a new menu at his restaurant. He frequently stacks his location with a large Asian fusion menu; however, this is the first time that he will be bringing a seafood focus to the menu....
-
Out of the following, which statement is accurate? a. Traditional marketing research can take a lot of time to get completed b. Traditional marketing research tools are no longer available c....
-
which models to use to analyze the organization's internal capabilities (resources, organizational structures, and business modeling including CSR, sustainability, governance, ethics, and...
-
about Costco: Discuss the company's pricing and margin strategy, distribution, global presence, etc. Remember that the purpose of the assignment is to critically examine the company through the eyes...
-
Company- Prose HairCare 1. Marketplace Characteristics: How would you describe the marketplace in which the firm competes (i.e. degrees of competition)?Is it a monopoly, oligopoly, monopolistic...
-
Data for debt investments are presented in EH.6. Assume instead that the investments are classified as available-for-sale debt securities with the same cost and fair value data as indicated in EH.6....
-
Find a least expensive route, in monthly lease charges, between the pairs of computer centers in Exercise 11 using the lease charges given in Figure 2. a) Boston and Los Angeles b) New York and San...
-
Record the following transactions of Ann's Fashion Boutique in a general journal: DATE TRANSACTIONS 2013 Feb. 2 Sold merchandise totaling $2,800 to customers using bank credit cards. Record the 3...
-
Record the following transactions of Ann's Fashion Boutique in a general journal: DATE TRANSACTIONS 2013 Feb. 2 Sold merchandise totaling $2,800 to customers using bank credit cards. Record the 3...
-
Amara Company made sales using the following list prices and trade discounts. What amount should be recorded for each sale? 1. List price of $540 and trade discount of 30 percent. 2. List price of...
-
Explore the concept of principal quantum numbers in quantum mechanics and atomic structure. How do principal quantum numbers, denoted by the symbol "n," define the energy levels and electron...
-
1. How many electrons make up a charge of 1.0 MC? 2. What is the total charge on 1.0 kg of electrons?
-
What frequency of sound would have a wavelength the same size as a 0.81 m -wide window? (The speed of sound is 344m/s at 20 o C .)
Study smarter with the SolutionInn App