Cost of merchandise sold 28000 cr drawing salaries

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Cost of merchandise sold 28,000 Cr Drawing Salaries expense 18,500 Rent Expense 14,400 Depreciation Expense 12,300 Supplies Expense 5,700 Miscellaneous Expense 3,100 245,700 245,700 45,400 27,300 4,000 25,400 16,400 118,500 29,600
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29,600 148,100 8,700 4,000 5,500 2,800 21,000 21,000 46,000 81,100 127,100 148,100
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ment reciation 9,400 9,400 able 4,000 4,000 nse ense
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94,300 68,800 163,100 82,000 28,000 18,500 14,400 5,700 12,300 3,100 81,100 81,100 3,000 3,000
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Problem #2 Accounts receivable 31,500 Cash 154,200 Depreciation expense 23,100 Supplies expense 3,200 Accounts payable 31,400 Service revenue 12,400 Loans payable 22,000 Utilities expense 23,400 Supplies 11,300 Sales discounts 34,200 Sales returns 9,000 Taxes expense 12,300 Other expenses 1,200 Sales revenue 314,000 Office equipment 32,000 Wages expense 54,000 Rent expense 9,300 Land 49,200 Zhetisu Company 1) Income statement For the year ended December 31, 2014 Sales 270,800 Service revenue 12,400 Total revenue 283,200 Wages expense 54,000 Depreciation expense 23,100 Utilities expense 23,400 Taxes expense 12,300 Rent expense 9,300 Supplies expense 3,200 Other expenses 1,200 Total expenses 126,500 Net income 156,700 Zhetisu Company 2) Statement of owner's equity For the year ended December 31, 2014 Capital, January 1, 2014 55,000 Additional contribution 23,100 Net income 156,700 Withdrawing (10,000) Capital, December 31, 2014 224,800 Zhetisu Company 3) Statement of financial position December 31, 2014 Assets Current assets Cash 154,200
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Accounts receivable 31,500 Supplies 11,300 Total current assets 197,000 Non current assets Office equipment 32,000 Land 49,200 Total non-current assets 81,200 Total assets 278,200 Current liabilities Accounts payable 31,400 Loans payable 5,000 Total current liabilities 36,400 Non-current liabilities Loans payable 17,000 Total liabilities 53,400 Equity Capital 224,800 Total equity and liabilities 278,200
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Problem #3 Gloucester Co. Income statement For the year ended August 31, 2014 Sales 4,577,200 Sales Returns and Allowances 32,200 Sales Discounts 29,200 Net Sales 4,515,800 Cost of merchandise sold 2,651,200 Gross profit 1,864,600 Operating expenses Administrative expenses Salaries expense 411,200 Depreciation Expense 40,400
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