1、Use the given information of W Company,and prepare a balance sheet for the June month:
Cash $3500
Accounts Receivable 11000
Accounts Payable 8500
Notes Payable 6500
Inventory 16800
Prepaid Insurance 400
Office Supplies on Hand 320
Accrued Sales Salaries 300
Accrued Office Salaries 200
Furniture and Fixtures 7000
Accumulated Depreciation--Furniture and Fixtures 1800
Delivery Equipment 6000
Accumulated Depreciation--Delivery Equipment 2700
Capital Stock 15000
Retained Earnings 10020
2、Use the given information of N Company and prepare an income statement for the May month
Sales $110000
Sales Returns and Allowances 800
Sales discounts 1900
Inventory (beginning) 20000
Purchases 71000
Purchase Returns and Allowances 1000
Purchase Discounts 700
Transportation In 3000
Inventory (ending) 16800
Delivery Expense 2900
Sales Salaries Expense 9300
Advertising Expense 3800
Rent Expense 3600
Office Salaries Expense 10500
Utilities Expense 1100
Supplies Expense 980