Take me to the text Gecko Company prepared the following adjusted trial balance at its year-end...
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Take me to the text Gecko Company prepared the following adjusted trial balance at its year-end of October 31, 2019. The company is owned by Bruce Gecko. Gecko Company Trial Balance October 31, 2019 Account Titles DR CR Cash $14,600 $6,200 $6,500 $2,400 $39,700 $2,800 $6,800 $5,800 $9,000 $41,440 $1,100 $52,460 $4,400 $17,100 $1,400 Accounts Receivable Merchandise Inventory Prepaid Expenses Store Equipment Accumulated Depreciation Equipment Accounts Payable Unearned Revenue Bank Loan Gecko, Capital Gecko, Withdrawalls Sales Revenue Gain on Sale of Equipment Cost of Goods Sold Advertising Expense Depreciation Expense-Equipment Interest Expense $2,800 $80 Office Salaries Expense $4,500 Office Salaries Expense $4,500 $10,900 $6,000 $8,700 $122,700 $122,700 Rent Expense-Retail Space Rent Expense-Office Space Sales Salaries Expense Total Notes: Assume the balance of owner's equity is the opening balance. The bank loan is payable over 9 years in equal annual installments. Required a) Prepare a multi-step income statement Do not enter dollar signs or commas in the input boxes. Enter the accounts into the appropriate statements in the order they are presented on the trial balance. Do not use negative signs. Gecko Company Income Statement For the Year Ended October 31, 2019 Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Selling Expenses Take me to the text Gecko Company prepared the following adjusted trial balance at its year-end of October 31, 2019. The company is owned by Bruce Gecko. Gecko Company Trial Balance October 31, 2019 Account Titles DR CR Cash $14,600 $6,200 $6,500 $2,400 $39,700 $2,800 $6,800 $5,800 $9,000 $41,440 $1,100 $52,460 $4,400 $17,100 $1,400 Accounts Receivable Merchandise Inventory Prepaid Expenses Store Equipment Accumulated Depreciation Equipment Accounts Payable Unearned Revenue Bank Loan Gecko, Capital Gecko, Withdrawalls Sales Revenue Gain on Sale of Equipment Cost of Goods Sold Advertising Expense Depreciation Expense-Equipment Interest Expense $2,800 $80 Office Salaries Expense $4,500 Office Salaries Expense $4,500 $10,900 $6,000 $8,700 $122,700 $122,700 Rent Expense-Retail Space Rent Expense-Office Space Sales Salaries Expense Total Notes: Assume the balance of owner's equity is the opening balance. The bank loan is payable over 9 years in equal annual installments. Required a) Prepare a multi-step income statement Do not enter dollar signs or commas in the input boxes. Enter the accounts into the appropriate statements in the order they are presented on the trial balance. Do not use negative signs. Gecko Company Income Statement For the Year Ended October 31, 2019 Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Selling Expenses
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Related Book For
Accounting
ISBN: 978-0176509743
Volume 1, 2nd canadian Edition
Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,
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