Electronics multi step income statement

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Reference no: EM13258114

The accounts of North East electronics are listed along with their balances before closing at May 31. 2009

Interestrevenue                              $ 400 Accountspayable                                      $16900
Inventory                                              45000 Accountsrecievable                                  33700
Note payable , longterm              45000 Accumaleteeddepreciation                   38000
Salarypayable                                     2800
Salesdiscounts                                   2400 Lou Colgin capital,
Sales returns andallowances        8000 April30th 2009                                                3900
Salesrevenue                                 296 600 Lou Colgin withdrawals                            19000
Sellingexpenses                               37900 Cash                                                                       7800
Supplies                                                 5900 Cost of goodssold                                      162 000   
Unearned salesrevenue               13800 Equipment                                                    129 600
Interestpayable                                 1100 Generalexpenses                                         16700

Prepare a North east Electronics multi step income statement for the month ended in May 31st 2009

Prepare North east Electroniocs classified balance sheet inreport form at May 31 , balance of Lou Colgin, Capital

Prepare a North east Electronics multi step incomestatement for the month ended in May 31st 2009

Prepare North east Electroniocs classified balance sheet inreport form at May 31 , balance of Lou Colgin, Capital

Reference no: EM13258114

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