Book Discount Request X III Module 2 Overview: Account x | S Exercise 5-18 X 5 Question 3 - Chapter 5 Assic X Course Hero X + X C 2% ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252Fstudent%252Fclass%2... * L . . . Chapter 5 Assignment @ Saved Help Save & Exit Submit Exercise 5-26 Preparing an income statement-periodic LO7 3 The following adjusted account information, in alphabetical order, was taken from the worksheet of John's Electronics for the month ended April 30, 2023. A physical count on April 30, 2023, revealed a merchandise inventory balance actually on hand of $2,390. John's Electronics 25 Unadjusted Trial Balance points For Month Ended April 30, 2023 No . Account Debit Credit 201 Accounts payable $ 2,048 References 154 Accumulated depreciation, trucks 14,900 101 Cash $ 1, 250 611 Depreciation expense, delivery trucks 570 633 Interest expense 110 301 John Yu, capital 26, 741 302 John Yu, withdrawals 8,850 119 Merchandise inventory 5,000 507 Purchase discounts 21 506 Purchase returns and allowances 100 505 Purchases 15, 440 413 Sales 30, 200 414 Sales returns and allowances 1, 670 688 Telephone expense, office 140 689 Telephone expense, store 270 508 Transportation-in 310 153 Trucks 28,900 623 Wages expense, office 4, 200 624 Wages expense, selling 7, 300 Totals $ 74, 010 $ 74, 010 Mc Graw Hill O Type here to search P of A 1 (() ENG 11:25 UP T.To/-9/1rBook Discount Request X III Module 2 Overview: Account * | S Exercise 5-18 X 5 Question 3 - Chapter 5 Assic X Course Hero X + X C 2% ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%2530%252F%252Fnewconnect.mheducation.com%252Fstudent%252Fclass%2... * L Chapter 5 Assignment Saved Help Save & Exit Submit 153 Trucks 28,900 623 Wages expense, office 4, 206 3 624 Wages expense, selling 7,300 Totals $ 74, 010 $ 74, 010 Required: 25 a. Calculate net sales. points Net sales References b. Calculate cost of goods sold. Cost of goods sold Mc Graw Hill O Type here to search P of A 1 (() ENG 11:25 UP T.To/-9/1rBook Discount Request X III Module 2 Overview: Account * | S Exercise 5-18 X 5 Question 3 - Chapter 5 Assig X Course Hero X + X C 2% ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252Fstudent%252Fclass%2... * L Chapter 5 Assignment Saved Help Save & Exit Submit c. Prepare a classified multiple-step income statement for the month ended April 30, 2023. (Input all amounts as positive values.) 3 JOHN'S ELECTRONICS Income Statement For Month Ended April 30, 2023 25 points References Cost of goods sold: . . Mc Graw Hill O Type here to search P of A 1 (() ENG 11:25 UP T.To/-9/1rBook Discount Request X III Module 2 Overview: Account X | & Exercise 5-18 X 5 Question 3 - Chapter 5 Assig X Course Hero X + X C 2% ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252Fstudent%252Fclass%2... * L Chapter 5 Assignment i Saved Help Save & Exit Submit 3 Cost of goods sold Operating expenses: Selling expenses: 25 points References Total selling expenses General and administrative expenses: Total general and administrative expenses Total operating expenses Other revenues and expenses: Mc Graw Hill O Type here to search P of A ()ENG 11:26 UP T.TO/-9/17