Question: Can you please prepare the functional form income statement? Account Cash Accounts Receivable Allowance for doubtful accounts Inventory Prepaid insurance Prepaid Rent Store Supplies Store

Can you please prepare the functional form income statement?

Can you please prepare the functional form income statement? Account Cash Accounts

Account Cash Accounts Receivable Allowance for doubtful accounts Inventory Prepaid insurance Prepaid Rent Store Supplies Store Furniture and Equipment Accumulated Depreciation Accounts Payable Salaries Payable Unearned Sales Revenue Von Dyke, Capital Von Dyke, Drawing Sale Sales Return and Allowance Sales Discount Purchases Purchase return and allowance Purchase Discount Freight in Sales Salaries Expense Advertising Expense Depreciation Expense Store Supplies Expense Freight out Misc Distribution Cost Office Salaries Expense Rent Expense Utilities Expense Insurance Expense Doubtful account Expense Misc Administrative Expense Income Summary Beginning For the period Adjusted Trial Debit Credit Debit Credit Debit Credit $ 385,000 $ 76,320 S 308,680 $ 50,000 $ 25,000 $ 25,000 $ 1,250 $ 1,250 $ 35,000 $ 68,000 $ 35,000 $ 68,000 $ 90,000 $ 90,000 $ 216,000 $ 216,000 $ $ 20,000 $ 15,000 $ 5,000 $ 380,000 $ 380,000 $ 28,500 $ 28,500 $ 194,000 $ 7,000 $ 187,000 $ 10,000 $ 10,000 $ 28,000 $ 7,000 $ 21,000 $ 444,000 $ 444,000 $ 40,000 $ 40,000 $ 2,888,000 $ 37,000 $ 2,925,000 $ 22,000 $ 4,000 $ 25,000 $ 33,000 $ 520 $ 33,520 $ 1,222,000 $ 40,000 $ 1,262,000 $ 17,000 $ 2,000 $ 19,000 $ 29,000 $ 29,000 $ 15,000 $ 300 $ 15,800 $ 550,000 $ 50,000 $ 600,000 $ 50,000 50,000 $ 28,500 $ 28,500 $ 15,000 $ 15,000 $ 13,000 $ 1.000 $ 14,000 $ 19,000 $ 19,000 $ 275,000 $ 25,000 $ 300,000 $ 216,000 $ 216,000 $ 168,000 $ 15.000 $ 183,000 S $ 1,250 $ 1.250 $ 17,000 $ 17,000 $ 35,000 $58,000 $ 13,000 Total $3,600,000 $3,600,000 $ 514,070 $ 514,070 $3,697,750 $2,691,750

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!