Labels and Amount Descriptions

Instructions

Cash

$$240,000$

Accounts Receivable $,966,000$

Merchandise Inventory

$1,690,000$

Estimated Returns Inventory

Office Supplies

$22,500$

$13,500$

Prepaid Insurance

$.$ Office Equipment

Accumulated Depreciation$-$Office Equipment $,550,000$

Store Equipment

$3,600,000$

Accumulated Depreciation$-$Store Equipment $,1,820,000$

Accounts Payable

$326,000$

Income Statement

$($Label$)$

$1$

$2($Label$)$

$3$

$3$ more Check My Work uses remaining.

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m$/$ilrn$/$takeAssignment$/$takeAssignmentMain$.$do$?$invoker$=$assignments&takeAssignmentSessionLocator

eBook

Single$-$step income statement and account form of balance sheet

Labels and Amount Descriptions

Instructions

Auverusing Experise

$500,000$

Depreciation Expense$-$Store Equipment

$140,000$

Miscellaneous Selling Expense

$38,000$

Office Salaries Expense

Rent $$xpense

$650,000$

Depreciation Expense$-$Office Equipment $,50,000$

Insurance Expense

Office Supplies Expense $,28,100$

Miscellaneous Administrative Expense $,14,500$

Interest Expens$$

$21,000$

Required:

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$3$ more Check My Work uses remaining.

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