Presented below are accounts of Puregold Trading and their balances on October 31, of the current...
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Presented below are accounts of Puregold Trading and their balances on October 31, of the current year. Accounts payable Accounts receivable Accumulated depreciation-office equip Accumulated depreciation-store equip Cash Conrad Co, Capital-October 30 Conrad Co, Drawing General expenses Notes payable, long-term Interest Expense Interest Payable Inventory-October 1 Inventory-October 31 P32,070 P39,800 P13,250 P9,320 P38,480 P130,580 P15,500 P115,745 P50,000 P9,800 P5,500 P90,090 P86,085 Office equipment Purchases Purchase discounts P8,005 Purchase returns and allowances P15,285 Salaries Payable P7,180 Sales revenue Sales discounts Sales returns and allowances Selling expenses Store Equipment P75,500 P410,650 Supplies Unearned sales revenue P754,370 P25,850 P13,525 P125,900 P73,250 P7,525 P16,055 Instructions: 1. Prepare the company's Comprehensive Income Statement for the Month of October, of the current year. 2. Prepare a Statement of Changes of Owner's Equity 3. Prepare the company's Statement of Financial position as at October 31. Presented below are accounts of Puregold Trading and their balances on October 31, of the current year. Accounts payable Accounts receivable Accumulated depreciation-office equip Accumulated depreciation-store equip Cash Conrad Co, Capital-October 30 Conrad Co, Drawing General expenses Notes payable, long-term Interest Expense Interest Payable Inventory-October 1 Inventory-October 31 P32,070 P39,800 P13,250 P9,320 P38,480 P130,580 P15,500 P115,745 P50,000 P9,800 P5,500 P90,090 P86,085 Office equipment Purchases Purchase discounts P8,005 Purchase returns and allowances P15,285 Salaries Payable P7,180 Sales revenue Sales discounts Sales returns and allowances Selling expenses Store Equipment P75,500 P410,650 Supplies Unearned sales revenue P754,370 P25,850 P13,525 P125,900 P73,250 P7,525 P16,055 Instructions: 1. Prepare the company's Comprehensive Income Statement for the Month of October, of the current year. 2. Prepare a Statement of Changes of Owner's Equity 3. Prepare the company's Statement of Financial position as at October 31.
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Managing Information Technology
ISBN: 978-0132146326
7th Edition
Authors: Carol Brown, Daniel DeHayes, Jeffrey Hoffer, Wainright Marti
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