(Solved) Following is a random list of accounts with normal balances for the Lexis Merchandising as of ...

Following is a random list of accounts with normal balances for the Lexis Merchandising as of December 31, 2013. All adjusting entries have been made. Closing entries have not been made.

   K. Lexis, Capital   $159,000
   Land   80,000
   Sales discounts   18,000
   Supplies expense   9,000
   Interest revenue   14,000
   Mortgage payable   80,000
   Cash   22,000
   Accounts receivable   34,000
   Unearned service revenue   11,000
   Salary expense   23,000
   Accounts payable   36,000
   Accumulated amort.-building   17,000
   Equipment   46,000
   Prepaid insurance   8,000
   Interest expense   6,000
   K. Lexis, Withdrawals   15,000
   Sales revenue   285,000
   Interest receivable   5,000
   Inventory   28,000
   Accumulated amort.-equipment   12,000
   Insurance expense   21,000
   Salary payable   6,000
   Supplies   4,000
   Cost of goods sold   156,000
   Sales returns & allowances   13,000
   Amortization expense-building   8,000
   Amortization expense-equipment   8,000
   Interest payable   14,000
   Utilities expense   8,000
   Delivery expense   7,000
   Building   115,000

Prepare a multi-step income statement for Lexis Merchandising for the year ended December 31, 2013.

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Following is a random list of accounts with normal balances for the Lexis Merchandising as of ...

Accounting, Volume 1, Canadian Edition

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