please this is one is so hard

Instructions Labels and Amount Descriptions Income Statement Statement of Owner's Equity Instructions The following selected accounts and their current balances appear in the ledger of Druid Hills Co. for the fiscal year ended May 31, 2018: Cash Accounts Receivable Merchandise Inventory Office Supplies Prepaid Insurance Office Equipment Accumulated Depreciation-Office Equipment Store Equipment Accumulated Depreciation-Store Equipment Accounts Payable Customer Refunds Payable Salaries Payable Note Payable Kristina Marble, Capital Kristina Marble, Drawing Sales Cost of Merchandise Sold Sales Salaries Evnenea Check My Work 3 more Check My Work uses remaining. $238,400 965,200 1,771,300 21,700 6,900 839,300 541,200 3,594,100 1,821,000 362,900 48,500 40,700 318,000 3,393,100 100,000 11,417,000 7,843,800 921 600 Sav Multiple-Step Income Statement and Balance Sheet Instructions Labels and Amount Descriptions Income Statement Instructions Sales T Cost of Merchandise Sold Sales Salaries Expense Advertising Expense Depreciation Expense-Store Equipment Miscellaneous Selling Expense Office Salaries Expense Rent Expense Depreciation Expense-Office Equipment Insurance Expense Office Supplies Expense Miscellaneous Administrative Expense Interest Expense "final payment due in 10 years 11,417,000 7,843,800 921,600 557,600 141,900 46,400 643,900 99,000 49,000 46,900 24,900 11,600 18,900 Check My Work 3 more Check My Work uses remaining. Statement of O Required: 1. Prepare a multiple-step income statement." 2. Prepare a statement of owner's equity." 3. Prepare a balance sheet, assuming that the current portion of the note payable is $49,900." 4. How multiple-step and single-step income statements differ. Jok ultiple-Step Income Statement and Balance Sheet Instructions Labels and Amount Descriptions Income Statement Income Statement 1 2 3 4 (Label) 5 Selling expenses: 7 9 10 11 Administrative expenses: 12 13 Druid Hills Co. Income Statement (Label) 4. How multiple-step and sinale-step income statements differ. Statement of Owner's Equi EET.AL... HEETAL... ms Income Statement Statement of Owner's Equity 2. Prepare a statement of owner's equity. Be sure to complete the statement heading Refer to the lists of Labels and Amount Descriptions for the exact wording of text amounts that represent reduction as negative numbers using a minus sign S 11 Druid His Co Statement of Owner's Equity (Label) 4. How multicle-step and single-steo income statements differ Check My Work 3 more Check My Work uses remaining OO Previous Save and Exc Submit Assignment for a 3. Prepare a balance sheet, assuming that the current portion of the note payable is $49,900. Be sure to complete the statement heading. Refer to the account names in the instructions and the lists of Labels and Amount Descriptions for the exact wording of text entries Order the Property, Plant & Equipment accounts in the order shown on the instructions page. You will not need to enter colons () or the word "Less" on the balance sheet, they will automatically insert where necessary. Erter all amounts as positive numbers a(Label) 7 B CHAR (Label) Assets BUAT DRYTETORIT 10 years Druid Hills Co. Balance Sheet (Label) O NKSHEETAL... 0 NKSHEET.AL... Multiple-Step Income Statement and Balance Sheet Instructions Labels and Amount Descriptions Income Statement Statement of Owner's Equity Balance Sheet Final Questions 14 11 16 14 D 20 21 22 31 (Label) 24 25 26 27 (Label) 28 Liabilities Owner's Equity Prest Balance Sheet 14 Instructions 15 17 4. How multiple-step and single-step income statements differ. 16 18 19 20 21 22 23 24 25 26 27 28 Final Questions Statement and Balance Sheet Labels and Amount Descriptions Income Statement Statement of Owner's Which type of income statement shows intermediate balances? Single-step Multiple-step signment Score: 43.87% Owner's Equity Check My Work 3 more Check My Work uses remaining. Multiple-Step Income Statement and Balance Sheet Instructions Labels and Amount Descriptions Income Statement Statement of Owner's Equity Instructions The following selected accounts and their current balances appear in the ledger of Druid Hills Co. for the fiscal year ended May 31, 2018: Cash Accounts Receivable Merchandise Inventory Office Supplies Prepaid Insurance Office Equipment Accumulated Depreciation Office Equipment More Equipment Accumulated Depreciation-Store Equipment Accounts Payable Customer Refunds Payable Salaries Payable. Note Payable" Kristina Marble, Capital Kristina Marble, Drawing Sales $238.400 965,200 1,771,300 21,700 6,000 839,300 541,200 3,594,100 1,821,000 362.900 48.500 40.700 318.000 3.393,100 100.000 11,417,000 idement and Balance Sheet Instructions Labels and Amount Descriptions Instructions Note Payable Kristina Marble, Capital Kristina Marble, Drawing Sales Cost of Merchandise Sold Sales Salaries Expense Advertising Expense Depreciation Expense-Store Equipment Miscellaneous Selling Expense Office Salaries Expense Rent Expense Depreciation Expense-Office Equipment Insurance Expense Office Supplies Expense Miscellaneous Administrative Expense Interest Expense "final payment due in 10 years meck My Work 3 more Check My Work uses remaining. Income Statement 318,000 3,393,100 100,000 11,417,000 7,843,800 921,600 557,600 141,000 46,400 643,900 99,000 49,000 46,900 24,900 11,600 18,900 Statement of Owner's Equity Save and Exit wwmovim Miscellaneous Selling Expense Office Salaries Expense Rent Expense Depreciation Expense-Office Equipment Insurance Expense Office Supplies Expense Miscellaneous Administrative Expense Interest Expense "final payment due in 10 years 46,400 643,900 99,000 49,000 46,900 24,900 11,600 18,900 Required: 1. Prepare a multiple-step income statement." 2. Prepare a statement of owner's equity." 3. Prepare a balance sheet, assuming that the current portion of the note payable is $49,900." 4. How multiple-step and single-step income statements differ "Be sure to read the instructions for each financial statement carefully. Check My Work uses remaining. Instructions Labels and Amount Descriptions Labels Current assets Current liabilities For the Year Ended May 31, 2018 Long-term liabilities May 31, 2018 Expenses Other revenue and expense Property, plant, and equipment Amount Descriptions Gross profit Income from operations Increase in owner's equity Kristina Marble, capital, June 1, 20Y7 Kristina Marble, capital, May 31, 20Y8 I Withdrawals Net income Net loss X pay Instructions ebook Labels and Amount Descriptions Gross profit Income from operations Increase in owner's equity Kristina Marble, capital, June 1, 20Y7 Kristina Marble, capital, May 31, 20Y8 Withdrawals Net income Net loss Total administrative expenses Total assets Total current assets Total current liabilities Total liabilities Total liabilities and owner's equity Total operating expenses Total property, plant, and equipment Total selling expenses Check My Work 3 more Check My Work Encome Statement 1. Prepare a multiple-step income statement. Be sure to complete the statement heading. Refer to the account names in the instructions and the lists of Labels and Amount Descriptions for the exact wording of text entries. Enter amounts as positive numbers unless the amount is a calculation that results in a negative amount. For example: Net loss should be negative. Expenses should be positive. A colon () will automatically appear if it is required. 1 2 3 (Label) Selling expenses. Druid Hills Co. Income Statement Check My Work uses remaining. (Label) Multiple-Step Income Statement and Balance Sheet Instructions Labels and Amount Descriptions Income Statement Income Statement 10 11 Administrative expenses: 12 13 14 15 16 17 18 19 20 21 (Label) 22 23 Check My Work 3 more Check My Work uses remaining. Statement of Owner's Equity Income Statement Statement of Owner's Equity 2. Prepare a statement of owner's equity. Be sure to complete the statement heading. Refer to the lists amounts that represent reduction as negative numbers using a minus sign Druid Hills Co. Statement of Owner's Equity (Label) eck My Work 3 more Check My Work uses remaining Equity Labels and Amount Descriptions for the exact wording of text entries. Enter Balance Sheet the 3. Prepare a balance sheet, assuming that the current portion of the note payable is $49,900. Be sure to complete the statement heading. Refer to the account names in instructions and the lists of Labels and Amount Descriptions for the exact wording of text entries. Order the Property Plant & Equipment accounts in the order shown on the instructions page. You will not need to enter colons () or the word "Less" on the balance sheet; they will automatically insert where necessary. Enter all amounts as positive numbers. 1 3 (Label) Assets eck My Work 3 more Check My Work uses remaining Druid Hills Co. Balance Sheet (Label) Multiple-Step Income Statement and Balance Sheet Instructions Labels and Amount Descriptions Balance Sheet I 10 11 11 13 24 15 24 17 Labe 18 29 20 21 Label) 23 21 (Label) Labilities Check My Work 3 more Check My Work uses remaining Income Statement Statement of Owner's Equity Balance Sheet 35 IN AN Ancome Statement and Balance Sheet Instructions Labels and Amount Descriptions 14 11 14 18 # 22 (Label) 21 (Label) Liabilities Owner's Equity Statement of Owner's Equity Multiple-Step Income Statement and Balance Sheet Balance Sheet 13 14 Instructions Labels and Amount Descriptions Income Statement Statem 15 4. How multiple-step and single-step income statements differ. Which type of income statement shows intermediate balances? 16 17 18 19 20 21 22 23 24 25 26 27 28 Final Questions Single-step Multiple-step Owner's Equity X