Question: please help me answer this. prepare the a. Statement of Operations (multiple step form) and b. Statement of Financial Position. thank you so much. CLASSIC
please help me answer this. prepare the a. Statement of Operations (multiple step form) and b. Statement of Financial Position. thank you so much.
CLASSIC THREADS Unadjusted Trial Balance December 31, 2019 Cash $ 10,275 Accounts receivable 22,665 Merchandise inventory 51,845 Store supplies . 2,415 Office supplies 775 Prepaid insurance 3.255 Store equipment 61,980 Accumulated amortization, store equipment $ 10,830 Office equipment . . . . 12,510 Accumulated amortization, office equipment 2,825 Accounts payable 8,310 Salaries payable 0- Sally Fowler, capital 106,015 Sally Fowler, withdrawals 15,000 Sales . . . . . 562,140 Sales returns and allowances 5,070 Purchases 385,085 Purchases returns and allowances 1,820 Purchases discounts 4,710 Transportation-in . . 5,125 Sales salaries expense 43,220 Rent expense, selling space 20,250 Store supplies expense . -0- Amortization expense, store equipment 0- Office salaries expense 48,330 Rent expense, office space 8.850 Office supplies expense -0- Insurance expense 0- Amortization expense, equipment O Totals $696,650 $696,650