Activity 6.2.1

1. Calculate the missing amounts in the separate income statements for companys A, B , and C

Activity 6.2.2

1. Prepare a multiple step income stement that includes separate categories for :

Net sales , Cost of goods sold, Selling expenses, General and administrative expenses.

2. Categorize the following accounts as selling expenses: Sales staff salaries expense, Advertising Expense

3. Categorize the remaining expenses as general and administrative

As well could you do it with explanation?

Activity 6.2 Individual Work Income Statement Relations Calculate the missing amounts in the separate (partial) income statements for company's A, B, and Company Compan Compan A by B lyc ? 1,500 20.000 500 90,000 2.000 4,000 2 7.000 Sales Sales Discounts Sales Returns and Allowances Net Sales Cost of Goods Sold Gross Profit 35.000 16.500 ? ? 13,000 14,000 ? ? 21.000 Activity 6.2.2- Individual Work Multi-Step Income Statement Save the Earth Co. reports the following income statement accounts for the year ended Decemberl. Prepare a multiple-step income statement that includes separate categories for Net sales Cost of goods sold Selling expenses General and administrative expenses Categorize the following accounts as selling expenses, Sales staff salaries expense Advertising expense Categorize the remaining expenses as general and administrative Sales discounts Office salaries expense Rent expense-Office space Advertising expense Sales returns and allowances Office Supplies expense Cost of goods sold Sales Insurance expense Sales staff salaries expense $ 750 2000 1,500 500 250 500 9.000 20.000 1.000 2.500