Homework Chapter 5 Multiple step income statement and balance sheet The following selected accounts and their current balances appear in the ledger of Kanpur Co. for the fiscal year ended June 30, 2017: Cash $568,300 77,200 4,722,400 2,731,500 760,100 211.200 Accounts Receivable Inventory Estimated Returns Inventory office Supplies Prepaid Insurance Office Equipment Accumulated Depreciation office Equipment Store Equipment Accumulated Depreciation- Store Equipment Accounts Payable Customer Refunds Payable Salaries Payable TWY $120,000 346,800 391,900 5,000 12.100 9,400 283,700 192,800 865,700 283.700 196,300 10,000 12,500 Book Retained Earnings Dividends Sales Cost of Goode Sold Sales Salaries Expense Advertising Expense Depreciation Expense- Store Equipment Miscellaneous Sailing Expense office salaries Expense Rent Expense Depreciation Expense- office Equipment Insurance Expense office Supplies Expense Miscellaneous Administrative Exp. 41.100 18,000 419,300 61.900 31,000 19,200 11,400 1.200 F Tube Ma Ma Homework Chapter 5 Salaries Payable Note Payable (final payment doe 2024) 412.500 Common Stock 75,600 Required: 1. Prepare a multiple step income statement. Expenses THE 12,500 Book Office Supplies Expense Miscellaneous Administrative Exp Interest Expense Kamer Co For the Endel June 2017 Q 11,400 8,200 12,500 P P Molite Myn Mal Homework Chapter 5 Total welling expense ebook HO 1 m L Homework Chapter 5 Total administrative expenses Total operating expenses 704 Partly eBook YouTube Maps M Gmail Homework Chapter 5 Alm/takeAssignment/takeAssignmentMain.do?invoker- &takeAssignmentSessionLocator &inprogress=false eBook 2. Prepare a statement of stockholders' equity. Additional common stock of $7,500 was issued during the year ended June 30, 2017, Statement of Stockholders' Equity For the Year Ended June 30, 2017 Retained Earnings Common Stock 3. Prepare a balance sheet, assuming that the current portion of the note payable is $20,625. KANPUR CO. Balance Sheet June 30, 2017 Total Assets v2.cengagenow.com/m/takeAssignment/takeAssignmentMain.doinvokers &takeAssignmentSessionlocator inprogress-false YouTube Maps M Gal Homework Chapter 5 3. Prepare a balance sheet, assuming that the current portion of the note payable is $20.625. 70'E Current assets Total current assets Property, plant, and equipment: eBook KANIK CO Balance Sheet 30, 2017 Assets C Tube MM G Homework Chapter 5 gag.com/m/takeAssignment/takeAsignmentMandwokertakeAgniesionLocator-onprog Total property, plant, and equipment Tutal assets Current Rabilities: Total current abilities Long term labilities: Tutal abilities 799 Partly Book Liabilities City Total current liabilities Long-term abilities Total liabilities Total stockholders' equity Total liabilities and stockholders' equity 4. Which type of income statement shows intermediate balances? Check My Work Assignment Score: 51.11% Stockholders' equity TO'E Partly cloudy All work saved. OLD B Save and Exit