Test - Chapters 4, 5, 6 - S x C Home - Learn with Chegg X CengageNOWv2 | Online t x Course Hero X *Course Hero X DownloadAttachment X C https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?inprogress=true * O M Course Home Login New Tab P Pearson Sign In Student Portal - 2... > All Bookmarks Test - Chapters 4, 5, 6 ? 1. PR.04.02B.ALGO Multiple-step income statement and balance sheet The following selected accounts and their current balances appear in the ledger of Kanpur Co. for the fiscal year ended June 30, 20Y7: 2. PR.05.01B.ALGO Cash $116,500 3. PR.05.05B.ALGO Accounts Receivable 316,200 Inventory 354,100 4. PR.06.02B Estimated Returns Inventory 5,000 5. PR.06.01B Office Supplies 11,000 Prepaid Insurance 8,500 Office Equipment 256,400 Accumulated Depreciation-Office Equipment 174,200 Store Equipment 800,300 Accumulated Depreciation-Store Equipment 256,400 Accounts Payable 174,400 Salaries Payable 11,300 Customer Refunds Payable 10,000 Estimated Coupons Payable 3,000 Note Payable (final payment due in 20 years) 372,500 Maya Kanpur, Capital 584,800 Maya Kanpur, Drawing 69,800 Sales 4,266,900 Cost of Goods Sold 2,468,100 Sales Salaries Expense 694,000 Advertising Expense 190,900 nanrariation Evnance-Ctara Enilinment 27 ann Progress: 3/5 items Check My Work 2 more Check My Work uses remaining. Previous Next Assignment Score: 77.93% All work saved. Submit Assignment for GradingTest - Chapters 4, 5, 6 - S x C Home - Learn with Chegg X CengageNOWv2 | Online t x Course Hero X *Course Hero X DownloadAttachment X C https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?inprogress=true * O M Course Home Login New Tab P Pearson Sign In Student Portal - 2... > All Bookmarks Test - Chapters 4, 5, 6 Estimated Coupons Payable 5,000 ? 1. PR.04.02B.ALGO Note Payable (final payment due in 20 years) 372,500 Maya Kanpur, Capital 584,800 2. PR.05.01B.ALGO Maya Kanpur, Drawing 69,800 3. PR.05.05B.ALGO Sales 4,266,900 Cost of Goods Sold 2,468,100 4. PR.06.02B Sales Salaries Expense 694,000 Advertising Expense 190,900 5. PR.06.01B Depreciation Expense-Store Equipment 37,200 Miscellaneous Selling Expense 16,300 Office Salaries Expense 378,900 Rent Expense 55,900 Insurance Expense 17,400 Depreciation Expense-Office Equipment 28,000 Office Supplies Expense 10,300 Miscellaneous Administrative Expense 7,400 Interest Expense 11,300 Required: 1. Prepare a multiple-step income statement. Kanpur Co. Income Statement For the Year Ended June 30, 20Y7 Sales $ 4,266,900 Cost of goods sold 2,468,100 Progress: 3/5 items Check My Work 2 more Check My Work uses remaining. Previous Assignment Score: 77.93% All work saved. Submit Assignment for GradingTest - Chapters 4, 5, 6 - S X C Home - Learn with Chegg X CengageNOWv2 | Online t x Course Hero X *Course Hero X DownloadAttachment X C https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?inprogress=true * O M Course Home Login New Tab P Pearson Sign In Student Portal - 2... > All Bookmarks Test - Chapters 4, 5, 6 Income Statement 1. PR.04.02B.ALGO For the Year Ended June 30, 20Y7 ? Sales $ 4,266,900 2. PR.05.01B.ALGO Cost of goods sold 2,468,100 3. PR.05.05B.ALGO Gross profit $ 1,798,800 4. PR.06.02B Expenses: Selling expenses: 5. PR.06.01B Sales salaries expense $ 694,000 Advertising expense 190,900 Accumulated depreciation-store equipment 37,200 Miscellaneous selling expense 16,300 Total selling exp $ Administrative expenses: Office salaries expense $ 540,000 Rent expense 48,000 Insurance expense 10,000 Office supplies 4,000 Office equipment 24,000 Miscellaneous administrative expense 6,000 al administrative exper 632,000 Total operating expenses 1,953,000 Progress: 3/5 items Check My Work 2 more Check My Work uses remaining. Previous Assignment Score: 77.93% All work saved. Submit Assignment for GradingTest - Chapters 4, 5, 6 - S x C Home - Learn with Chegg X CengageNOWv2 | Online t x Course Hero X *Course Hero X DownloadAttachment X C https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?inprogress=true * O M Course Home Login New Tab P Pearson Sign In Student Portal - 2... > All Bookmarks Test - Chapters 4, 5, 6 ? 1. PR.04.02B.ALGO 2. Prepare a statement of owner's equity. Maya Kanpur invested an additional $7,500 in the business during the year ended June 30, 20Y7. Kanpur Co. 2. PR.05.01B.ALGO Statement of Owner's Equity 3. PR.05.05B.ALGO For the Year Ended June 30, 20Y7 Total 4. PR.06.02B 5. PR.06.01B 3. Prepare a balance sheet, assuming that the current portion of the note payable is $18,625. KANPUR CO. Balance Sheet June 30, 20Y7 Assets Current assets: Progress: 3/5 items Check My Work 2 more Check My Work uses remaining. Previous Next Assignment Score: 77.93% All work saved. Submit Assignment for Grading