1) Complete the worksheet. Roam Fashion Co., Ltd. Worksheet For the year ended December 31, 2020...
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1) Complete the worksheet. Roam Fashion Co., Ltd. Worksheet For the year ended December 31, 2020 Adjusted Trial Income Statement of Financial Account titles Balance Statement Position Dr. Cr. Dr. Cr. Dr. Cr. Cash $ 8,700 27,700 2,100 Accounts Receivable Supplies Inventory Equipment Accumulated Depreciation- Equipment 54,520 133,000 S34,500 Accounts Payable Notes Payable Share Capital - Ordinary Retained Earnings Dividends 48,500 61,000 50,000 38,000 8,000 755,200 Sales Revenue Sales Returns and Allowances Cost of Goods Sold Salaries and Wages Expense Repair Expense Freight - out Supplies Expense Depreciation Expense - Equipment Interest Expense Interest Payable Totals 12,800 497,580 188,400 22,100 16,700 4,100 11,500 3,800 3,800 991,000 991,000 2) Prepare a multiple-step income statement Prepare closing entry only for net income or net loss from your worksheet. General Journal Date Account Titles DehinCredi 2020 1) Complete the worksheet. Roam Fashion Co., Ltd. Worksheet For the year ended December 31, 2020 Adjusted Trial Income Statement of Financial Account titles Balance Statement Position Dr. Cr. Dr. Cr. Dr. Cr. Cash $ 8,700 27,700 2,100 Accounts Receivable Supplies Inventory Equipment Accumulated Depreciation- Equipment 54,520 133,000 S34,500 Accounts Payable Notes Payable Share Capital - Ordinary Retained Earnings Dividends 48,500 61,000 50,000 38,000 8,000 755,200 Sales Revenue Sales Returns and Allowances Cost of Goods Sold Salaries and Wages Expense Repair Expense Freight - out Supplies Expense Depreciation Expense - Equipment Interest Expense Interest Payable Totals 12,800 497,580 188,400 22,100 16,700 4,100 11,500 3,800 3,800 991,000 991,000 2) Prepare a multiple-step income statement Prepare closing entry only for net income or net loss from your worksheet. General Journal Date Account Titles DehinCredi 2020
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Accounting Principles
ISBN: 978-1118342190
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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