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Multiple-Step Income Statement and Report Form of Balance Sheet The following selected accounts and their...

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Accounting

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Multiple-Step Income Statement and Report Form of Balance Sheet The following selected accounts and their current balances appear in the ledger of Claremont C Cash Accounts Receivable Inventory Estimated Returns Inventory Office Supplies Prepaid Insurance Office Equipment Accumulated Depreciation- o. for the fiscal year ended May 31, 2018: $109,300 296,600 332,200 22,500 10,300 8,000 Retained Earnings Dividends Sales Cost of Goods Sold Sales Salaries Expense Advertising Expense Depreciation Expense- 481,700 65,400 $4,003,000 2,315,400 651,100 179,100 240,500 Store Equipment Miscellaneous Selling Expense Office Salaries Expense Rent Expense Depreciation Expense- 34,900 Office Equipment 15,300 355,500 52,500 163,400 Store Equipment 750,800 Accumulated Depreciation- Store Equipment 240,500 Accounts Payable Customer Refunds Payable Salaries Payable Note Payable 166,400 40,000 10,600 Office Equipment Insurance Expense Office Supplies Expense 26,200 16,300 9,600

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