An alphabetical list of Rikard's adjusted accounts at its fiscal year end, August 31, 2014, follows. All

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An alphabetical list of Rikard's adjusted accounts at its fiscal year end, August 31, 2014, follows. All accounts have normal balances.
An alphabetical list of Rikard's adjusted accounts at its fiscal

Additional information:
1. Of the notes payable, $6,000 becomes due on February 17, 2015. Th e balance is due in 2016.
2. On July 18, 2014, Rikard invested $3,500 cash in the business.
Instructions
(a) Prepare a multiple-step income statement, statement of owner's equity, and classified balance sheet.
(b) Calculate the gross profit margin and profit margin.

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Accounting Principles Part 1

ISBN: 978-1118306789

6th Canadian edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

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