The following is a listing of some of the balance sheet accounts and a - 10249

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yousafbhutta

yousafbhutta

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  • Posted on: Wed 23 May, 2012
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Request Description

 

The following is a listing of some of the balance sheet accounts and all of the income statement accounts for Mulberry Street Sportswear as they appear on the 12/31/11 adjusted trial balance.

 

   

 

  Accounts Payable

$  11,000  

  Accounts Receivable

  12,000  

  Advertising Expense

  12,500  

  Cost of Goods Sold

  93,000  

  Delivery expense

  6,100  

  Insurance Expense

  1,000  

  Interest Expense

  2,250  

  Merchandise Inventory

  20,200  

  Rent Expense

  12,400  

  Sales

  170,000  

  Sales Discounts

  10,900 

  Sales R & A

  20,500  

  Unearned Revenue

  2,250  

 

   

 

Income from Operations for 2011 would be

 

  
rev: 03-02-2011

 

$9,100

$14,600

$13,600

$15,850

 

Solution Description

 

The following is a listing of some of the balance sheet accounts and all of the income statement accounts for Mulberry Street Sportswear as they appear on the 12/31/11 adjusted trial balance.

 

   

 

  Accounts Payable

$  11,000  

  Accounts Receivable

  12,000  

  Advertising Expense

  12,500  

 &nbs

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