Income statement?AccountDebitCreditCashAccounts ReceivableInventorySuppliesEquipmentAccumulated DepreciationAccounts PayableNote PayableInterest PayableUnearned RevenueDividends PayableCommon StockRetained EarningsSales RevenueCost of Goods SoldDepreciation ExpenseWages ExpenseSupplies ExpenseInterest Expense10,00025,00040,0005,000100,00078.00018,00042,0003,0001,000Total 322,00030,00012,00013,0003,0008,0007,00010,00046,000193,000322,000

Introduction: Income statement: All revenues and expenses are to be shown in income statement. It…

Answered: Account Cash Accounts Receivable…

Account Cash Accounts Receivable Inventory Supplies Equipment Accumulated Depreciation Debit 10,000 25,000 40,000 5,000 100,000 Credit 30,000

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.23E: Unusual income statement items Assume that the amount of each of the following items is material to...

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Question

Income statement?
Account
Debit
Credit
Cash
Accounts Receivable
Inventory
Supplies
Equipment
Accumulated Depreciation
Accounts Payable
Note Payable
Interest Payable
Unearned Revenue
Dividends Payable
Common Stock
Retained Earnings
Sales Revenue
Cost of Goods Sold
Depreciation Expense
Wages Expense
Supplies Expense
Interest Expense
10,000
25,000
40,000
5,000
100,000
78.000
18,000
42,000
3,000
1,000
Total 322,000
30,000
12,000
13,000
3,000
8,000
7,000
10,000
46,000
193,000
322,000

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