Question: Need help filling out the table, I dont understand it and its due tonight. Please help! Thank you! The worksheet of Bridget's Office Supplies contains

Need help filling out the table, I dont understand it and its due tonight. Please help! Thank you!
Need help filling out the table, I dont understand it and its
due tonight. Please help! Thank you! The worksheet of Bridget's Office Supplies
contains the following revenue, cost, and expense accounts. The merchandise inventory amounted
to $58,275 on January 1, 2019, and $51,225 on December 31, 2019.
The expense accounts numbered 611 through 617 represent selling expenses, and those
numbered 631 through 646 represent general and administrative expenses. Accounts 401 Sales
451 Sales Returns and Allowances 491 Miscellaneous Income 501 Purchases 582 Freight
In 503 Purchases Returns and Allowances 504 Purchases Discounts 611 Salaries Expense-Sales
614 Store Supplies Expense Depreciation Expense-Store 61 Equipment 631 Rent Expense 634
Utilities Expense 637 Salaries Expense-Office 640 Payroll Taxes Expense 643 Depreciation Expense-Office
Equipment 646 Uncollectible Accounts Expense 691 Interest Expense $244,600 Cr. 4,200 Dr.
250 Cr. 102,100 Dr. 1,825 Dr. 3,450 Cr. 1,650 Cr. 43,800 Dr.
2,160 Dr. 1,360 Dr. 12,000 Dr. 2,850 Dr. 19,600 Dr. 4,500 Dr.
420 Dr. 570 Dr. 440 Dr. Prepare a classified income statement for
this firm for the year ended December 31, 2019. BRIDGET'S OFFICE SUPPLIES
Income Statement Operating revenue Net sales Cost of goods sold Total merchandise

The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory amounted to $58,275 on January 1, 2019, and $51,225 on December 31, 2019. The expense accounts numbered 611 through 617 represent selling expenses, and those numbered 631 through 646 represent general and administrative expenses. Accounts 401 Sales 451 Sales Returns and Allowances 491 Miscellaneous Income 501 Purchases 582 Freight In 503 Purchases Returns and Allowances 504 Purchases Discounts 611 Salaries Expense-Sales 614 Store Supplies Expense Depreciation Expense-Store 61 Equipment 631 Rent Expense 634 Utilities Expense 637 Salaries Expense-Office 640 Payroll Taxes Expense 643 Depreciation Expense-Office Equipment 646 Uncollectible Accounts Expense 691 Interest Expense $244,600 Cr. 4,200 Dr. 250 Cr. 102,100 Dr. 1,825 Dr. 3,450 Cr. 1,650 Cr. 43,800 Dr. 2,160 Dr. 1,360 Dr. 12,000 Dr. 2,850 Dr. 19,600 Dr. 4,500 Dr. 420 Dr. 570 Dr. 440 Dr. Prepare a classified income statement for this firm for the year ended December 31, 2019. BRIDGET'S OFFICE SUPPLIES Income Statement Operating revenue Net sales Cost of goods sold Total merchandise available for sale BRIDGET'S OFFICE SUPPLIES Income Statement Operating revenue Freight in Gross profit on sales Income from operations Interest expense Merchandise inventory, January 1, 2019 Total merchandise available for sale Operating expenses Selling expenses Prepare a classified income statement for this firm for the year ended December 31, 2019. BRIDGETS OFFICE SUPPLIES Income Statement Operating revenue Salaries expense-Sales Sales Store supplies expense Uncollectible accounts expense Utilities expense Total merchandise available for sale Operating expenses Selling expenses BRIDGE'S OFFICE SUPPLIES Income Statement Operating revenue Add: Sales returns and allowance Less: Sales returns and allowance Total merchandise available for sale Operating expenses Selling expenses Show All Items Total merchandise available for sale Add: Merchandise inventory, Dec. 31, 2019 Less: Merchandise inventory, Dec. 31, 2019 Total Selling Expense General and Administrative Expenses Total general and admin expenses Total operating expenses Other income Total merchandise available for sale Cost of goods sold Delivered cost of purchases Depreciation expense-Office Equip. Depreciation expense-Store Equip. Total Selling Expense General and Administrative Expenses Total general and admin, expenses Total operating expenses Other income Total merchandise available for sale Gross loss on sales Gross profit on sales Total Selling Expense General and Administrative Expenses Total general and admin expenses Total operating expenses Other income Operating expenses Selling expenses Show All Items Cost of goods sold Delivered cost of purchases Depreciation expense-Office Equip. Depreciation expense-Store Equip. Total general and admin. expenses Total operating expenses Other income Other expense General and Administrative Expenses Total general and admin. expenses Total operating expenses Other income Other expense Net income for year Net loss for year

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