Weekly Assignment 1 Question 10 of 10 Mortgage Payable Prepaid Insurance Short-term investments Common Shares Cash...

 

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←Weekly Assignment 1 Question 10 of 10 Mortgage Payable Prepaid Insurance Short-term investments Common Shares Cash Advertising Pharoah Grove Hardware has the following balances in the company ledgers for the year ending December 31: Accounts Receivable Sales revenue Accounts Payable Buildings (Net) Cost of Goods Sold < > (a) Note Payable (due in 9 months) Retained Earnings (Beg Bal-Jan 1) $86,900 $5,600 $3,500 Office salaries $15,500 $31,600 $46,100 $16,400 $599,100 $16,400 $102,600 $298,400 $9,100 $43,500 Interest Expense Land Sales Salaries P Supplies expense Insurance expense Depreciation expense Income tax expense Dividend Payments Interest Income Inventory 3 3 1 $13,000 $21,400 $65,800 $97,400 $15,200 $12,500 $18,500 $6,800 $7,400 $11,800 $20,100 uniti 0.27/1: unti Prepare income statement ←Weekly Assignment 1 Question 10 of 10 Mortgage Payable Prepaid Insurance Short-term investments Common Shares Cash Advertising Pharoah Grove Hardware has the following balances in the company ledgers for the year ending December 31: Accounts Receivable Sales revenue Accounts Payable Buildings (Net) Cost of Goods Sold < > (a) Note Payable (due in 9 months) Retained Earnings (Beg Bal-Jan 1) $86,900 $5,600 $3,500 Office salaries $15,500 $31,600 $46,100 $16,400 $599,100 $16,400 $102,600 $298,400 $9,100 $43,500 Interest Expense Land Sales Salaries P Supplies expense Insurance expense Depreciation expense Income tax expense Dividend Payments Interest Income Inventory 3 3 1 $13,000 $21,400 $65,800 $97,400 $15,200 $12,500 $18,500 $6,800 $7,400 $11,800 $20,100 uniti 0.27/1: unti Prepare income statement

Answer rating: 100% (QA)

Income statement is given below Sales Revenue 599100 Cos... View the full answer