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Account Title Cash Accounts Receivable Merchandise Inventory Office Supplies Furniture Accumulated Depreciation-Furniture Accounts Payable Salaries Payable Unearned Revenue Notes Payable, long-term Richards, Capital Richards, Withdrawals Sales Revenue Cost of Goods Sold Selling Expense Administrative Expense Interest Expense Total S Debit 3,700 38,500 17,400 650 40,100 42,600 Credit 8,400 13,400 500 6,500 12,000 35,400 181,000 81,450 18,700 13,000 1,100 257,200 $ 257,200

Account Title Cash Accounts Receivable Merchandise Inventory Office Supplies Furniture Accumulated Depreciation-Furniture Accounts Payable Salaries Payable Unearned Revenue Notes Payable, long-term Richards, Capital Richards, Withdrawals Sales Revenue Cost of Goods Sold Selling Expense Administrative Expense Interest Expense Total S Debit 3,700 38,500 17,400 650 40,100 42,600 Credit 8,400 13,400 500 6,500 12,000 35,400 181,000 81,450 18,700 13,000 1,100 257,200 $ 257,200

Financial Accounting
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter6: Accounting For Merchandising Businesses
Section: Chapter Questions
Problem 36E: The following data were extracted from the accounting records of Harkins Company for the year ended...
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Data table Account Title Cash Accounts Receivable Merchandise Inventory Office Supplies Furniture Rockin Richards Music Company Adjusted Trial Balance June 30, 2018 Accumulated Depreciation-Furniture Accounts Payable Salaries Payable Unearned Revenue Notes Payable, long-term Richards, Capital Richards, Withdrawals Sales Revenue Cost of Goods Sold Selling Expense Administrative Expense Interest Expense Total $ Debit Balance 3,700 38,500 17,400 650 40,100 42,600 Credit 8,400 13,400 500 6,500 12,000 35,400 181,000 - X 81,450 18,700 13,000 1,100 $ 257,200 $ 257,200
Transcribed Image Text:Data table Account Title Cash Accounts Receivable Merchandise Inventory Office Supplies Furniture Rockin Richards Music Company Adjusted Trial Balance June 30, 2018 Accumulated Depreciation-Furniture Accounts Payable Salaries Payable Unearned Revenue Notes Payable, long-term Richards, Capital Richards, Withdrawals Sales Revenue Cost of Goods Sold Selling Expense Administrative Expense Interest Expense Total $ Debit Balance 3,700 38,500 17,400 650 40,100 42,600 Credit 8,400 13,400 500 6,500 12,000 35,400 181,000 - X 81,450 18,700 13,000 1,100 $ 257,200 $ 257,200
K Rockin Richards Music Company uses a perpetual inventory system. The adjusted trial balance of Rockin Richards Music Company at June 30, 2018, follows: (Click the icon to view the adjusted trial balance.) Read the requirements. Requirement 1. Prepare Rockin Rick's multi-step income statement for the year ended June 30, 2018. (Use a minus sign or parentheses to show other expenses.) Requirements ... Rockin Richards Music Company Income Statement Year Ended June 30, 2018 1. Prepare Rockin Rick's multi-step income statement for the year ended June 30, 2018. 2. Journalize Rockin Rick's closing entries. 3. Prepare a post-closing trial balance as of June 30, 2018. Print Done X
Transcribed Image Text:K Rockin Richards Music Company uses a perpetual inventory system. The adjusted trial balance of Rockin Richards Music Company at June 30, 2018, follows: (Click the icon to view the adjusted trial balance.) Read the requirements. Requirement 1. Prepare Rockin Rick's multi-step income statement for the year ended June 30, 2018. (Use a minus sign or parentheses to show other expenses.) Requirements ... Rockin Richards Music Company Income Statement Year Ended June 30, 2018 1. Prepare Rockin Rick's multi-step income statement for the year ended June 30, 2018. 2. Journalize Rockin Rick's closing entries. 3. Prepare a post-closing trial balance as of June 30, 2018. Print Done X
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