Kanpur Co Income Statement For The Year Ended June 30 20y7

Estimated returns inventory 5 000 adjusted cost of goods sold 5 615 000.

Kanpur co income statement for the year ended june 30 20y7. The following selected accounts and their current balances appear in the ledger of kanpur co. For the fiscal year ended june 30 20y7 are presented in problem 5 5b. Prepare a multiple step income statement. Multi step income statement.

Selected accounts and related amounts for kanpur co. Income statement for the year ended june 30 2014 revenue from sales. Additional common stock of 7 500 was issued during the year ended june 30 20y7. For the fiscal year ended june 30 2016 are presented in problem 5 5b.

Cost of goods sold 5 620 000 sales salaries expense 850 000 advertising exp view the full answer. Accounting corporate financial accounting single step income statement and balance sheet selected accounts and related amounts for kanpur co. Sales salaries expense 850 000 advertising expense 420 000. Prepare a statement of stockholders equity.

Cash 92 000 gerri faber drawing 300 000 accounts receivable 450 000 sales 8 925 000 merchandise inventory 370 000 cost of merchandise sold 5 620 000. Cost of goods sold 5 620 000. Net income for the year 943 400. Pr 6 5b multiple step income statement and balance sheet the following selected accounts and their current balances appear in the ledger of kanpur co.

For the fiscal year ended may 31 2019. Company statement of profit or loss and comprehensive income for the period ended 30 june 2018 long term short term unaudited unaudited business business total total 30 06 2018 30 06 2018 30 06 2018 30 06 2017 sh 000 income gross written premium 506 788 5 435 324 5 942 112 7 085 385. Sales returns and allowances 160 000 sales discounts 90 000 250 000 net sales 8 925 000 cost of merchandise sold 5 620 000 gross profit 3 305 000 expenses. For the fiscal year ended june 30 2019.

The following selected accounts and their current balances appear in the ledger of kanpur co. Income statement for the year ended june 30 20y7 sales 8 925 000 expenses. The multi step income statement shows the sections of the income statement separately such as the operating expenses and non operating expenses. For the fiscal year ended june 30 20y7.

Prepare a statement of stockholders equity. Pr 6 5a multiple step income statement and balance sheet the following selected accounts and their current balances appear in the ledger of clairemont co. Kristina marble capital june 1 2018 3 449 100. For year ended june 30 20y7.

Prepare a single step income statement in the format shown in exhibit 13. For the fiscal year ended june 30 2016.