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Below are the accounts of Llamado Poultry Supply Store for the year ended June 30, 2020. Sales 100,000 Sales Returns and Allowances 1,000 1,500. 38,000 Sales Discount Merchandise Inventory, Beginning Purchases 30,000 2,000 1,000 700 Purchase Returns and Allowances Purchase Discount Freight-in Merchandise Inventory, Ending 20,000 Interest Income 7,000 Rent Income 3,000 12,000 9,000 Sales Salaries Depreciation Expense - Store Equipment Utilities Expense - Store 2,000 Office Salaries 12,000 Office Supplies 1,000 Bad Debts 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 Llamado Poultry Supply Store for the year ended June 30, 2020. Sales 100,000 Sales Returns and Allowances 1,000 1,500. 38,000 Sales Discount Merchandise Inventory, Beginning Purchases 30,000 2,000 1,000 700 Purchase Returns and Allowances Purchase Discount Freight-in Merchandise Inventory, Ending 20,000 Interest Income 7,000 Rent Income 3,000 12,000 9,000 Sales Salaries Depreciation Expense - Store Equipment Utilities Expense - Store 2,000 Office Salaries 12,000 Office Supplies 1,000 Bad Debts 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.

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter8: Inventories: Special Valuation Issues
Section: Chapter Questions
Problem 4MC
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Below are the accounts of Llamado Poultry Supply Store for the year ended June 30, 2020. Sales 100,000 Sales Returns and Allowances 1,000 Sales Discount 1,500 Merchandise Inventory, Beginning 38,000 Purchases 30,000 Purchase Returns and Allowances 2,000 Purchase Discount 1,000 Freight-in Merchandise Inventory, Ending 700 20,000 Interest Income 7,000 Rent Income 3,000 Sales Salaries 12,000 De preciation Expense - Store Equipment Utilities Expense - Store 9,000 2,000 Office Salaries 12,000 Office Supplies 1,000 Bad Debts 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.
Transcribed Image Text:Below are the accounts of Llamado Poultry Supply Store for the year ended June 30, 2020. Sales 100,000 Sales Returns and Allowances 1,000 Sales Discount 1,500 Merchandise Inventory, Beginning 38,000 Purchases 30,000 Purchase Returns and Allowances 2,000 Purchase Discount 1,000 Freight-in Merchandise Inventory, Ending 700 20,000 Interest Income 7,000 Rent Income 3,000 Sales Salaries 12,000 De preciation Expense - Store Equipment Utilities Expense - Store 9,000 2,000 Office Salaries 12,000 Office Supplies 1,000 Bad Debts 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.
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