Question: The work sheet for Barton Corporation is shown below. Complete the classified multi-step income statement on the right. Barton Corporation Income Statement For the year
The work sheet for Barton Corporation is shown below. Complete the classified multi-step income statement on the right. Barton Corporation Income Statement For the year ended December 31, 2014 Balance Sheet and Income Statement of Statement Changes in Equity Debit Credit Debit Credit Accumulated Depreciation Office Fixtures 31,500 Accumulated Depreciation, Store Fixtures 30,500 Cost Of Goods Sold 114,000 Depreciation Expense. Office Fixtures 14,000 Depreciation Expense, Store Fixtures 7,500 Dividends 35,000 Liabilities 469.000 Merchandise Inventory 63,500 Office Fixtures 202.000 Office Supplies Expense 92.000 Property Taxes Expense 27,000 Rent Eamed 183,000 Rent expense, office space 122,000 Rent expense, selling space 49,500 Retained Earnings 94,000 Salos 283.500 Sales Discounts 18,500 Sales Returns and Allowances Share Capital 57,500 Store Fixtures 303,000 Store Supplies Expense 95,000 Totals 545,500 466,500 603,500 682,500 Net Loss 79.000 79.000 Totals 545,500 545,500 682.500 682.500 6,000
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