Ch06E16 - Adjusted Trial Balance Income Statement 2 Debit Credit Debit Credit Perry Sales Income Statement For the year ended December 31 Sales

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Exercise 6-16 Perry Sales Work Sheet For Year Ended December 31, 2005 Account Adjustments Debit Credit Debit Credit Debit Credit Cash 13,000 Merchandise Inventory 1,000 Prepaid selling expenses 4,000 Equipment 20,000 Accumulated amortization - equipment 4,500 Accounts payable 6,000 Salaries payable - Deborah Perry, capital 22,800 Deborah Perry, withdrawals 1,800 Sales 429,000 Sales returns and allowances 16,500 Sales discounts 4,000 Cost of goods sold 211,000 Sales salaries expense 47,000 Utilities expense - store 14,000 Other selling expenses 35,000 Other administrative expenses 95,000 Totals 462,300 462,300 Unadjusted Trial Balance
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Unformatted text preview: Adjusted Trial Balance Income Statement 2. Debit Credit Debit Credit Perry Sales Income Statement For the year ended December 31, Sales Less: Sales returns and allowances Sales discounts Net sales Cost of goods sold Gross profit Operating expenses: Selling expenses: Sales salaries expense Utilities expense - store Other selling expenses Total selling expenses Total general and administrative expenses Total operating expenses Net income Balance Sheet & Statement of Owner's Equity 3. General Journal Date Accounts and explanation PR Debit , 2005 Dec. 31- - - - - $- Credit...
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This note was uploaded on 08/22/2009 for the course ACCT 1101 taught by Professor Davescott during the Fall '05 term at Niagara College.

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Ch06E16 - Adjusted Trial Balance Income Statement 2 Debit Credit Debit Credit Perry Sales Income Statement For the year ended December 31 Sales

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