Accounting Assignment | College Homework Help

Question 6 View Policies Current Attempt in Progress Wolford Department Store is located in midtown Metropolis. During the past several years, net income has been declining because suburban shopping centers have been attracting business away from city areas.College Homework Help
At the end of the company’s fiscal year on November 30, 2017, these accounts appeared in its adjusted trial balance. Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Cash Common Stock Cost of Goods Sold Freight-Out Equipment Depreciation Expense Dividends Gainon Disposal of Plant Assets Income Tax Expense Insurance Expense Interest Expense Inventory Notes Payable Prepaid Insurance Advertising Expense Rent Expense Retained Earnings Salaries and Wages Expense Sales Revenue Salaries and Wages Payable Sales Retums and Allowances Utilities Expense $30,016 19.264 76,160 8.960 39,200 688,016 6,944 175,840 15.120 13,440 2.240 11,200 10,080 5,600 29,344 48.720 6.720 37.520 38,080 15,904 131040 1,012,480 6.720 22,400 11872 Additional data: Notes payable are due in 2021. Prepare a retained earnings statement.
(List items that increase retained earnings first.) WOLFORD DEPARTMENT STORE Retained Earnings Statement Prepare a multiple step income statement. (List other revenues before other expenses.) WOLFORD DEPARTMENT STORE Income Statement Add Prepare a classified balance sheet. (List current assets in order of liquidity.) WOLFORD DEPARTMENT STORE Balance Sheet Assets Liabilities and Stockholders’ Equity Liabilities and Stockholders’ EquityGet Accounting Homework Help today

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