CHARLES MERCHANDISING FINANCIAL RECORDS FOR THE YEAR ENDED DECEMBER 31, 2021 AS FOLLOWS ALLOWANCE FOR BAD DEBTS ACCUMULATED DEP. EQUIPMENT ACCUMULATED. DEP. STORE COMPUTER ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE BEGINNING INVENTORY CASH AND CASH EQUIVALENTS CHARLES, CAPITAL CHARLES, DRAWINGS DEPRECIATION-STORE COMPUTER DEPRECIATION EXPENSE ENDING INVENTORY' EQUIPMENT FUEL EXPENSE GROSS SALES INTEREST EXPENSE INTEREST INCOME NOTES PAYALE REQUIREMENT: 1. PREPARE STATEMENT OF COMPREHENSIVE INCOME 2. PREPARE STATEMENT OF FINANCIAL POSITION 43,817 63,987 36,789 738,304 876,354 245,890 6,053,842 3,876,123 254,672 12,908 32,876 989,760 176,432 23,789 4,567,836 3,674 5,487 234,775 OFFICE SUPPLIES OFFICE SUPPLIES EXPENSE PREPAID INSURANCE PROFESSIONAL FEES PURCHASE DISCOUNT PURCHASES RENT EXPENSE SALES DISCOUNT SALES RETURN AND ALLOWANCES STORE ADVERTISING STORE OFFICE SUPPLIES STORE SALARIES STORE COMPUTER TAXES TRANSPORTATION IN UNEARNED REVENUE MISCELLANEOUS EXPENSE 34,894 34,789 56,789 57,899 18,902 2,578,349 80,000 10,257 65,797 34,890 23,098 65,234 87,663 26,893 25,789 1,289,356 12,598

CHARLES MERCHANDISING FINANCIAL RECORDS FOR THE YEAR ENDED DECEMBER 31, 2021 AS FOLLOWS ALLOWANCE FOR BAD DEBTS ACCUMULATED DEP. EQUIPMENT ACCUMULATED. DEP. STORE COMPUTER ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE BEGINNING INVENTORY CASH AND CASH EQUIVALENTS CHARLES, CAPITAL CHARLES, DRAWINGS DEPRECIATION-STORE COMPUTER DEPRECIATION EXPENSE ENDING INVENTORY' EQUIPMENT FUEL EXPENSE GROSS SALES INTEREST EXPENSE INTEREST INCOME NOTES PAYALE REQUIREMENT: 1. PREPARE STATEMENT OF COMPREHENSIVE INCOME 2. PREPARE STATEMENT OF FINANCIAL POSITION 43,817 63,987 36,789 738,304 876,354 245,890 6,053,842 3,876,123 254,672 12,908 32,876 989,760 176,432 23,789 4,567,836 3,674 5,487 234,775 OFFICE SUPPLIES OFFICE SUPPLIES EXPENSE PREPAID INSURANCE PROFESSIONAL FEES PURCHASE DISCOUNT PURCHASES RENT EXPENSE SALES DISCOUNT SALES RETURN AND ALLOWANCES STORE ADVERTISING STORE OFFICE SUPPLIES STORE SALARIES STORE COMPUTER TAXES TRANSPORTATION IN UNEARNED REVENUE MISCELLANEOUS EXPENSE 34,894 34,789 56,789 57,899 18,902 2,578,349 80,000 10,257 65,797 34,890 23,098 65,234 87,663 26,893 25,789 1,289,356 12,598

Name: CHARLES MERCHANDISING FINANCIAL RECORDS FOR THE YEAR ENDEDDECEMBER 31
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Description: CHARLES MERCHANDISING FINANCIAL RECORDS FOR THE YEAR ENDEDDECEMBER 31, 2021 AS FOLLOWSALLOWANCE FOR BAD DEBTSACCUMULATED DEP. EQUIPMENTACCUMULATED. DEP. STORE COMPUTERACCOUNTS PAYABLEACCOUNTS RECEIVABLEBEGINNING INVENTORYCASH AND CASH EQUIVALENTSCHA

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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