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Getting Started Imported From Fire.. & Interests: Social, Ent.. @ Learn a New Skill O.. Paystub Disability Discharge Paystub
Wk 5 - Apply: Connect Exercise [due Mon]
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9
The worksheet of Bridget's Office Supplies contains the following revenue, cost, and
expense accounts. The merchandise inventory amounted to $59,175 on January 1, 2019,
and $52,125 on December 31, 2019. The expense accounts numbered 611 through 617
12
represent selling expenses, and those numbered 631 through 646 represent general and
points
administrative expenses.
Skipped
Accounts
401 Sales
$246, 400Cr.
451
Sales Returns and
Allowances
4, 290Dr.
491Miscellaneous Income
340Cr .
501 Purchases
103, 000Dr.
502 Freight In
1, 915Dr.
5037
Purchases Returns and
Allowances
3, 540Cr.
504Purchases Discounts
1, 740Cr.
611 Salaries Expense-Sales
44, 700Dr.
614Store Supplies Expense
2 , 250Dr .
617 5
Depreciation Expense-
Store Equipment
1, 450Dr.
631 Rent Expense
12, 900Dr.
634Utilities Expense
2, 940Dr.
637 Salaries Expense-Office
20, 500Dr .
640 Payroll Taxes Expense
5, 400Dr.
643
Depreciation Expense-
office Equipment
510Dr.
646-
Uncollectible Accounts
Expense
660Dr.
691 Interest Expense
620Dr.
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  • Attachment 2

Books & Tools
x Wk 5 - Apply: Connect Exercise [c X
+
X
C
newconnect.mheducation.com/flow/connect.html
1: Apps y eCampus: Login & Landmark Resort H.. Empower Retire me..
Getting Started Imported From Fire. & Interests: Social, Ent.. @ Learn a New Skill O... S Paystub Disability Discharge Paystub
Wk 5 - Apply: Connect Exercise [due Mon]
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Prepare a classified income statement for this firm for the year ended December 31, 2019.
9
BRIDGET'S OFFICE SUPPLIES
Income Statement
12
Operating revenue
points
Skipped
Net sales
Cost of goods sold
o
Total merchandise available for sale
$
o O
$
0
Operating expenses
Selling expenses
+
Total Selling Expense
$
0
General and Administrative Expenses
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