Prepare Income statement, owner's Equity and Balance sheet for Freeman Co. for the year ended on Jun 30", 2017 (Note the

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Prepare Income Statement Owner S Equity And Balance Sheet For Freeman Co For The Year Ended On Jun 30 2017 Note The 1 (53.01 KiB) Viewed 29 times

Prepare Income statement, owner's Equity and Balance sheet for Freeman Co. for the year ended on Jun 30", 2017 (Note the balance sheet does not balance) Cash 23,000 Insurance expense 12,600 Sales 168,000 Prepaid insurance 14,700 Account receivable 25,300 Interest expense 15,500 Account payable 20,500 Depreciation expenses - showroom 6,000 Fright Out 4,000 Accumulated depreciation - Showroom 18,000 Sales commission 35,000 Building 70,000 Rent expense 21,800 Showroom 48,000 Rent revenue 10,500 Sales discount 5,400 Unearned rent 9,000 Sales return 7,000 Owner's investment 150,000 Retain earning 40,000 Owner's drawing 20,000 Office supplies 22,000 Merchandise inventory on Jun 30 15,000 Office supplies expense 5,600 2017 Cost of merchandise sold 85,600 Bank loan (Final payment due in 2025) 20,000 Land 30,000