Preparing Financial Statements: *Income Statement*Statement of Change in Owner's Equity*Statement of Financial Position*Cash Flow Statement Oct-15Purchases5102,500Cash1012,500To record additional purchase on cashCashOct-181015,000Sales4015,000To record sold merchandise on cashFreight-Out644150Oct-19Cash101150To record freight on saleCashOct-21101100Accounts Receivable112100To record refund paymentSalaries ExpenseUtilities ExpenseRent ExpenseAdvertising Expense2,0009501,200500Oct-23630645635631Cash1014,650To record payment of expensesOwner's, DrawingOct-243021,000Cash1011,000To record withdrawalOct-25Accounts Receivable500Sales500To record sales on accountCashNotes PayableTo record bank loanNO ENTRYOct-3010110,00020210,000Oct-31 General JournalDateParticularsPRDRCROct-01Cash101P30,000P30,000Owner's CapitalTo record initial investmentPurchasesAccounts PayableTo record purchase on accountFreight-In301Oc-0251010,00020110,000Oct-03516145Cash101145To record freight on purchaseEquipmentOct-061302,400Cash1012,400To record bought equipment on cashAccounts PayableOc-072012,000Purchase Returns & Allowances5122,000To record purchase refundAccounts ReceivableOct-081124,500Sales4014,500To record sales on accountAccounts PayablePurchase DiscountsOct-092018,000513160Cash1017,840To record payment on account with2% discountSales Returns & AllowancesAccounts ReceivableTo record refund to credit customerCashSales DiscountsAccounts ReceivableTo record collection from sales onaccountOct-11412200112200Oct-141014,214413861124,300

Since here asked for multi sub part question we will solve first three sub part question for you.…

Preparing Financial Statements: *Income Statement *Statement of Change in Owner's Equity *Statement of Financial Position *Cash Flow Statement

Preparing Financial Statements: Income Statement Statement of Change in Owner's Equity Statement of Financial Position Cash Flow Statement

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter12: Intangibles

Section: Chapter Questions

Problem 9MC

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Only for d and e, subpart, a, b, and c has been answered here: https://www.bartleby.com/questions-and-answers/assume-a-rm300000-investment-and-the-following-cash-flows-for-two-products-year-product-x-product-y-/451dabc9-fd11-47c3-b65c-12ff5b7e32e5