Problem 6-6B
Score:
Key Code:
Instructions
Answers are entered in the cells with gray backgrounds.
An asterisk (*) will appear to the right of an incorrect entry.
1.
Revenues:
Net sales
Expenses:
Total expenses
Net income
2.
Gerri Faber, capital, July 1, 2013
Gerri Faber, capital, June 30, 2014
3.
Current assets: Current liabilities:
Long-term liabilities:
Property, plant, and equipment: Total liabilities
Office equipment
Store equipment Gerri Faber, capital
Total property, plant, and equipment
Total assets Total liabilities and owner’s equity
4.
Liabilities
Owner’s Equity
Total current liabilities:
Statement of Owner’s Equity
KANPUR CO.
Balance Sheet
KANPUR CO.
June 30
30
30
30
KANPUR CO.
Income Statement
2014
Assets
Total current assets:
0%
[Key code here]
Cells with non-gray backgrounds are protected and cannot be edited.
Name:
Section:
Problem 6-6B
Scoring:
Instructions
Answers are entered in the cells with gray backgrounds.
1.
Revenues:
Net sales 8,925,000$
Expenses:
Cost of merchandise sold 5,620,000$
Income Statement
For the Year Ended June 30, 2014
Name:
Solution
Section:
ON
Cells with non-gray backgrounds are protected and cannot be edited.
An asterisk (*) will appear to the right of an incorrect entry.
KANPUR CO.