Question: How can I start my multi step income statement? Accounts Payable 682,000 Accounts Receivable 652,000 Accrued Liabilities 144,000 Accumulated Depreciation - Building 228,000 Accumulated Depreciation
How can I start my multi step income statement?
| Accounts Payable | 682,000 | ||||
| Accounts Receivable | 652,000 | ||||
| Accrued Liabilities | 144,000 | ||||
| Accumulated Depreciation - Building | 228,000 | ||||
| Accumulated Depreciation - Equipment | 90,000 | ||||
| Administrative expense | 1,350,000 | ||||
| Allowance for Doubtful Accounts | 38,000 | ||||
| Bond Payable (due 2030) | 1,500,000 | ||||
| Buildings | 1,560,000 | ||||
| Cash | 295,000 | ||||
| Common Stock ($5 par) * | 1,500,000 | ||||
| Cost of Goods Sold | 7,200,000 | ||||
| Debt Investment (long-term) | 448,000 | ||||
| Debt Investment (trading) | 230,000 | ||||
| Dividends Payable | 204,000 | ||||
| Equipment | 900,000 | ||||
| Equity Investment (long-term) | 416,000 | ||||
| Franchises | 230,000 | ||||
| Gain on Sale | 120,000 | ||||
| Goodwill | 10,000 | ||||
| Income Tax Expense | 00 | ||||
| Interest Expense | 317,000 | ||||
| Inventory | 895,000 | ||||
| Investment Revenue | 95,000 | ||||
| Land | 390,000 | ||||
| Note Payable (long-term) | 1,350,000 | ||||
| Notes Payable (short-term) | 135,000 | ||||
| Paid-in capital in Excess of Par | 120,000 | ||||
| Patents | 293,000 | ||||
| Retained Earnings (1/1/20) | 117,000 | ||||
| Selling Expense | 3,000,000 | ||||
| Service Revenue | 12,150,000 | ||||
| Treasury Stock | 287,000 | ||||
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