The trial balance of Flounder Fashion Center contained the following accounts at November 30, the...
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The trial balance of Flounder Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. Adjustment data: 1. Supplies on hand totaled $2,000. 2. Depreciation is $11,200 on the equipment. 3. Interest of $6,000 is accrued on notes payable at November 30 . 4. Inventory actually on hand is $43,100. Prepare a multiple-step income statement for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) FLOUNDER FASHION CENTER Income Statement $ $
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The trial balance of Flounder Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. Adjustment data: 1. Supplies on hand totaled $2,000. 2. Depreciation is $11,200 on the equipment. 3. Interest of $6,000 is accrued on notes payable at November 30 . 4. Inventory actually on hand is $43,100. Prepare a multiple-step income statement for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) FLOUNDER FASHION CENTER Income Statement $ $ 