Account Balance Dec. 31 1 Accounts payable 15,000 2 Accounts receivable 30,000 3 Accumulated depreciationbuilding 15,500 4
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Question:
Account | Balance Dec. 31 | ||||
1 | Accounts payable | 15,000 | |||
2 | Accounts receivable | 30,000 | |||
3 | Accumulated depreciation—building | 15,500 | |||
4 | Accumulated depreciation—equipment | 10,000 | |||
5 | Advertising expense | 4,200 | |||
6 | Building | 84,600 | |||
7 | S. Meilleur, capital | 75,000 | |||
8 | S. Meilleur, drawings | 28,300 | |||
9 | Cash | 4,500 | |||
10 | Cost of goods sold | 234,900 | |||
11 | Depreciation expense | 5,900 | |||
12 | Equipment | 24,500 | |||
13 | Freight out | 660 | |||
14 | Insurance expense | 1,250 | |||
15 | Interest expense | 2,220 | |||
16 | Interest revenue | 1,140 | |||
17 | Land | 12,000 | |||
18 | Merchandise inventory | 105,000 | |||
19 | Mortgage payable | 57,600 | |||
20 | Prepaid insurance | 2,100 | |||
21 | Property tax expense | 1,300 | |||
22 | Property taxes payable | 600 | |||
23 | Rent revenue | 1,600 | |||
24 | Salaries expense | 42,000 | |||
25 | Salaries payable | 650 | |||
26 | Sales | 424,000 | |||
27 | Sales discounts | 15,500 | |||
28 | Sales returns and allowances | 17,500 | |||
29 | Unearned revenue | 23,000 | |||
30 | Utilities expense | 2,200 |
Prepare a multiple-step income statement for Meilleur Merchant for the year ended December 31, 2017.
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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