1. Prepare a Single-step Statement of Comprehensive Income for Highway Print Company with the following list...

 

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1. Prepare a Single-step Statement of Comprehensive Income for Highway Print Company with the following list of accounts for the year ended December 31, 2018. Service Fees Other Income Direct Cost of Services Salary Expense Rent Expense Supplies Expense Taxes and Licenses P 105,000 P 12,300 P 10,000 33,000 5,500 1,300 P P P P 2,500 P 1,500 8,000 Utilities Expense Unearned Service Revenue P Prepaid Expenses P 11,000 II. Prepare a Multi-step Statement of Comprehensive Income for Perry Dry Merchandising with the following list of accounts for the year ended December 31, 2018. Sales Sales Discounts Sales Returns and Allowances Cost of Goods Sold Salary Expense Rent Expense Supplies Expense Depreciation Expense General and Administrative Expense Unearned Service Revenue Prepaid Expenses P P P P P P P P P P P 600,000 11,000 20,000 348,000 150,000 37,500 8,750 7,350 1,120 8,000 11,000 1. Prepare a Single-step Statement of Comprehensive Income for Highway Print Company with the following list of accounts for the year ended December 31, 2018. Service Fees Other Income Direct Cost of Services Salary Expense Rent Expense Supplies Expense Taxes and Licenses P 105,000 P 12,300 P 10,000 33,000 5,500 1,300 P P P P 2,500 P 1,500 8,000 Utilities Expense Unearned Service Revenue P Prepaid Expenses P 11,000 II. Prepare a Multi-step Statement of Comprehensive Income for Perry Dry Merchandising with the following list of accounts for the year ended December 31, 2018. Sales Sales Discounts Sales Returns and Allowances Cost of Goods Sold Salary Expense Rent Expense Supplies Expense Depreciation Expense General and Administrative Expense Unearned Service Revenue Prepaid Expenses P P P P P P P P P P P 600,000 11,000 20,000 348,000 150,000 37,500 8,750 7,350 1,120 8,000 11,000

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