ENRICHMENT ACTIVITY 2
Below are the accounts of Llmado Poultry Supply Store for the year ended June 30, 2020.
sales - 100,000
Sales returns and allowances - 1,000
salesdiscount-1,500
merchandise inventory,beginning-38,000
purchases-30,000
purchases return and allowances-2,000
purchases discount 1,000 Freight-in 700
merchandise inventory, ending-20,000
interest income 7,000 rent income 3,000
sales salaries-12,000
depreciation expense-store equipment 9,000 Utilities
expense- store- 2,000
office salaries-12,000
office supplies-1,000
bad depts-1,300
finance cost -2,100
required:
1. create SCI using a multi-step approach.
2.Please make the proper indention of accounts as you write them in the SCI.The indention will serve as your guide in computing and will make your document look formal
Below are the accounts of Llmado Poultry Supply Store for the year ended June 30, 2020.
sales - 100,000
Sales returns and allowances - 1,000
salesdiscount-1,500
merchandise inventory,beginning-38,000
purchases-30,000
purchases return and allowances-2,000
purchases discount 1,000 Freight-in 700
merchandise inventory, ending-20,000
interest income 7,000 rent income 3,000
sales salaries-12,000
depreciation expense-store equipment 9,000 Utilities
expense- store- 2,000
office salaries-12,000
office supplies-1,000
bad depts-1,300
finance cost -2,100
required:
1. create SCI using a multi-step approach.
2.Please make the proper indention of accounts as you write them in the SCI.The indention will serve as your guide in computing and will make your document look formal