Answer Happy

An alphabetical list of Ivanhoes Company adjusted accountsat its fiscal year end, August 31, 2021, follows. All accounts havenormal balances.
Accounts payable
Notes payable
Accumulated depreciation—equipment
Prepaid insurance
Accumulated depreciation—furniture
R. Smistad, capital
Cash
R. Smistad, drawings
Cost of goods sold
Rent expense
Depreciation expense
Salaries expense
Equipment
Salaries payable
Furniture
Sales
Insurance expense
Sales returns and allowances
Interest expense
Supplies
Interest payable
Supplies expense
Merchandise inventory
Unearned revenue
Additional information:1. Of the notes payable, $6,100 becomes due on February 17,2022. The balance is due in 2023.2. On July 18, 2021, R. Smistad invested $4,500 cash in thebusiness.
Prepare a multiple-step incomestatement. (Enter negative amounts using either anegative sign preceding the number e.g. -45 or parentheses e.g.(45).)
IVANHOE COMPANYIncome Statementchoose the accounting period August 31, 2021For the Year EndedAugust 31, 2021For the Month Ended August 31, 2021
select an income statement item Cost of Goods SoldDepreciationExpenseInsurance ExpenseInterest ExpenseRent ExpenseSalesSalesReturns and AllowancesSalaries ExpenseSupplies Expense
$enter a dollar amount
select between addition and deduction AddLess: select an incomestatement item Cost of Goods SoldDepreciation ExpenseInsuranceExpenseInterest ExpenseRent ExpenseSalesSales Returns andAllowancesSalaries ExpenseSupplies Expense
enter a dollar amount
select a closing name for section one DrawingsGross Profit / (Loss)NetSalesProfit / (Loss)Operating ExpensesOther ExpensesOtherRevenuesProfit from OperationsTotal Operating ExpensesTotal OtherExpenses
enter a total amount for section one
select an income statement item Cost of Goods SoldDepreciationExpenseInsurance ExpenseInterest ExpenseRent ExpenseSalesSalesReturns and AllowancesSalaries ExpenseSupplies Expense
enter a dollar amount
select a summarizing line for the first part DrawingsGross Profit /(Loss)Net SalesProfit / (Loss)Operating ExpensesOther ExpensesOtherRevenuesProfit from OperationsTotal Operating ExpensesTotal OtherExpenses
enter a total amount for the first part
select an opening name for section two DrawingsGross Profit / (Loss)NetSalesProfit / (Loss)Operating ExpensesOther ExpensesOtherRevenuesProfit from OperationsTotal Operating ExpensesTotal OtherExpenses
select an income statement item Cost of Goods SoldDepreciationExpenseInsurance ExpenseInterest ExpenseRent ExpenseSalesSalesReturns and AllowancesSalaries ExpenseSupplies Expense
$enter a dollar amount
select an income statement item Cost of Goods SoldDepreciationExpenseInsurance ExpenseInterest ExpenseRent ExpenseSalesSalesReturns and AllowancesSalaries ExpenseSupplies Expense
enter a dollar amount
select an income statement item Cost of Goods SoldDepreciationExpenseInsurance ExpenseInterest ExpenseRent ExpenseSalesSalesReturns and AllowancesSalaries ExpenseSupplies Expense
enter a dollar amount
select an income statement item Cost of Goods SoldDepreciationExpenseInsurance ExpenseInterest ExpenseRent ExpenseSalesSalesReturns and AllowancesSalaries ExpenseSupplies Expense
enter a dollar amount
select an income statement item Cost of Goods SoldDepreciationExpenseInsurance ExpenseInterest ExpenseRent ExpenseSalesSalesReturns and AllowancesSalaries ExpenseSupplies Expense
enter a dollar amount
select a closing name for section two DrawingsGross Profit / (Loss)NetSalesProfit / (Loss)Operating ExpensesOther ExpensesOtherRevenuesProfit from OperationsTotal Operating ExpensesTotal OtherExpenses
enter a total amount for section two
select a summarizing line for the second part DrawingsGross Profit /(Loss)Net SalesProfit / (Loss)Operating ExpensesOther ExpensesOtherRevenuesProfit from OperationsTotal Operating ExpensesTotal OtherExpenses
enter a total amount for the second part
select an opening name for section three DrawingsGross Profit /(Loss)Net SalesProfit / (Loss)Operating ExpensesOther ExpensesOtherRevenuesProfit from OperationsTotal Operating ExpensesTotal OtherExpenses
select an income statement item Cost of Goods SoldDepreciationExpenseInsurance ExpenseInterest ExpenseRent ExpenseSalesSalesReturns and AllowancesSalaries ExpenseSupplies Expense
enter a dollar amount
select a closing name for this statement DrawingsGross Profit /(Loss)Net SalesProfit / (Loss)Operating ExpensesOther ExpensesOtherRevenuesProfit from OperationsTotal Operating ExpensesTotal OtherExpenses
$enter a total profit or loss amount
and Media