Prepare the statement of income and expenses of a stage of the company ECHO, with the following
Question:
Prepare the statement of income and expenses of a stage of the company ECHO, with the following information of the accounts greater than December 31, of 20xx (those that apply).
Accounts payable- $97,200
Accounts receivable- $64,300
accumulated depreciation-office- $ 72,750
accumulated depreciation -building- $ 162,100
administrative expenses- $56,500
ECHO, capital-81,750
cash- $53,000
cost of goods sold- $ 121,700
ECHO, withdrawals- $ 52,000
interest expenses- $ 12,000
merchandise inventory - $ 93,250
notes payable- $154,000
office equipment- $ 149,750
prepaid insurance- $ 6,500
Income for rent- $ 17,500
was payable- $ 28,700
sales- $ 365,500
Sales expenses- $41,500
equipment - $ 325,000
office Supplies- $4,000
Horngrens Accounting
ISBN: 978-0133117417
10th edition
Authors: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura