- The Accounts Of Rehearsal Corporation Are Listed Along With Their Adjusted Balances Before Closing For The Year Ended Ju 1 (85.55 KiB) Viewed 14 times
The accounts of Rehearsal Corporation are listed along with their adjusted balances before closing for the year ended June 30, 2022. Prepaid Expenses Inventory Note payable, long-term Salary payable Supplies Expense Depreciation Expense Sales revenue Rent Expense Supplies Unearned sales revenue Sales Returns & Allowances 1,000 39,000 46,000 2,000 2,500 7,500 400,000 38,000 6,000 13,000 40,000 Accounts payable Accounts receivable Accumulated depreciatic Common Stock Retained Earnings, July 1 Requirements: 1. Prepare a multi-step income
statement 2. Prepared the
statement of retained earnings 3. Prepared a classified balance sheet Cash Cost of goods sold Equipment Salaries Expense Notes payable, short-ter Sales Discounts All month-end adjustments have already been made. Assume all accounts have normal balances. No dividends were declared or paid during the fiscal year. 16,700 33,000 37,000 100,000 54,000 84,000 200,000 135,000 80,000 1,300 4,000