The following accounts are taken from the records of Shore Corporation. Unless otherwise indicated, they are the balances as of December 31, 2020. Interest receivable 1,200 Miscellaneous administrative expense 7,500 Allowance for doubtful accounts 8,450 Office supplies expense Miscellaneous selling expense 10,000 14,000 Interest expense 21,000 Store supplies expense 21,000 Paid in capital from treasury shares 28,000 Delivery expense 30,000 De pre ciation expense-office building & equipment 30,000 Interest revenue 30,000 Prepaid expenses 42,070 Income tax payable 44,000 Office rent expense 50,000 Share premium - preference 70,000 De preciation expense-store building & equipment 100,000 Cash dividends for preferred shares 100,000 Advertising expense 150,000 Treasury shares 150,000 Cash dividends for ordinary shares 155,150 Office salaries expense 170,000 Sales commission 185,000 Accounts payable 194,300 Share premium - ordinary 200,000 Cash 282,850 Sales salaries expense Bonds payable 385,000 500,000 Accounts receivable 545,000 Inventory - December 31, 2020 778,000
The following accounts are taken from the records of Shore Corporation. Unless otherwise indicated, they are the balances as of December 31, 2020. Interest receivable 1,200 Miscellaneous administrative expense 7,500 Allowance for doubtful accounts 8,450 Office supplies expense Miscellaneous selling expense 10,000 14,000 Interest expense 21,000 Store supplies expense 21,000 Paid in capital from treasury shares 28,000 Delivery expense 30,000 De pre ciation expense-office building & equipment 30,000 Interest revenue 30,000 Prepaid expenses 42,070 Income tax payable 44,000 Office rent expense 50,000 Share premium - preference 70,000 De preciation expense-store building & equipment 100,000 Cash dividends for preferred shares 100,000 Advertising expense 150,000 Treasury shares 150,000 Cash dividends for ordinary shares 155,150 Office salaries expense 170,000 Sales commission 185,000 Accounts payable 194,300 Share premium - ordinary 200,000 Cash 282,850 Sales salaries expense Bonds payable 385,000 500,000 Accounts receivable 545,000 Inventory - December 31, 2020 778,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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for the attached comprehensive problem, please make Statement of Comprehensive Income (SCI)
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