Mar 31 Sales Revenue Income Summary 31 Income Summary Closing Entries Sales Returns Sales Discounts Cost of Goods Sold Advertising Expense Bad Debt Expense Car Expense Dep. Expense - Furniture Dep. Expense - Equipment Dep. Expense - Truck Freight-out Insurance Expense Interest Expense Inventory Shortage Loss on Sale of Assets Maintenance Expense Miscellaneous Expense Rent Expense Supplies Expense Utilities Expense 31 J Boulton, Capital Income Summary 401 310 310 402 403 501 601 605 610 615 616 621 625 630 635 640 645 650 655 670 675 680 301 310 28,950.00 30,636.63 1,686 63 28,950.00 1,380.00 557.18 12,182 00 1,069 20 540.26 1,479.60 1,649.12 969.84 125 49 690.00 1,108 33 693 00 940.00 3,123 50 1,436 40 464 40 358 33 120.00 1,750.00 1,686.63

Business/Professional Ethics Directors/Executives/Acct
8th Edition
ISBN:9781337485913
Author:BROOKS
Publisher:BROOKS
Chapter8: Subprime Lending Fiasco-ethics Issues
Section: Chapter Questions
Problem 3.7EC
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  Prepare  Income Statement

For the Month Ending May 31, 2015

Jeff Boulton
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Date
2003
Mar
31 Sales Revenue
31 Income Summary
Income Summary
Particulars
General Journal
Closing Entries
Sales Returns
Sales Discounts
Cost of Goods Sold
Advertising Expense
Bad Debt Expense
Car Expense
Dep. Expense - Furniture
Dep. Expense - Equipment
Dep. Expense - Truck
31 J Boulton, Capital
Freight-out
Insurance Expense
Interest Expense
Inventory Shortage
Loss on Sale of Assets
Maintenance Expense
Miscellaneous Expense
Rent Expense
Supplies Expense
Utilities Expense
31 J Boulton, Capital
Income Summary
J Boulton, Drawings
P.R.
401
310
310
402
403
501
601
605
610
615
616
621
625
630
635
640
645
650
655
670
675
680
301
310
301
305
Debit
28,950.00
30,636 63
1,686.63
2,760.00
Page:
Credit
28,950.00
12,182 00
1,069 20
1
2
6
1,380.00 7
557.18
8
9
10
540 26 11
1,479.60 12
1,649 12
969 84
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4
5
13
14
125 49 15
690.00 16
1,108.33 17
693 00 18
940.00 19
3,123 50 19
1,436 40 20
464 40|| 21
358 33 22
120.00 23
1,750.00 24
25
26
1,686 63 27
28
29
2,760.00 30
Transcribed Image Text:Jeff Boulton 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 19 20 21 22 23 24 25 26 27 28 29 30 Date 2003 Mar 31 Sales Revenue 31 Income Summary Income Summary Particulars General Journal Closing Entries Sales Returns Sales Discounts Cost of Goods Sold Advertising Expense Bad Debt Expense Car Expense Dep. Expense - Furniture Dep. Expense - Equipment Dep. Expense - Truck 31 J Boulton, Capital Freight-out Insurance Expense Interest Expense Inventory Shortage Loss on Sale of Assets Maintenance Expense Miscellaneous Expense Rent Expense Supplies Expense Utilities Expense 31 J Boulton, Capital Income Summary J Boulton, Drawings P.R. 401 310 310 402 403 501 601 605 610 615 616 621 625 630 635 640 645 650 655 670 675 680 301 310 301 305 Debit 28,950.00 30,636 63 1,686.63 2,760.00 Page: Credit 28,950.00 12,182 00 1,069 20 1 2 6 1,380.00 7 557.18 8 9 10 540 26 11 1,479.60 12 1,649 12 969 84 3 4 5 13 14 125 49 15 690.00 16 1,108.33 17 693 00 18 940.00 19 3,123 50 19 1,436 40 20 464 40|| 21 358 33 22 120.00 23 1,750.00 24 25 26 1,686 63 27 28 29 2,760.00 30
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