Question: Cusick Department Store is located near the Village Shopping Mall. At the end of the company's calendar year on December 31, 2012, the following accounts appeared in two of its trial balances.
Accounts payables $ 80300
Accounts Recivables $50300
Accumulates dep- building $52500
Accumulated dep- Equipmnt $42900
Building $290000
cash $23800
CGS $412700
Depreciation exp $ 23700
Equipmnt $ 110000
insurance expense $ 7200
Interest expense $ 12000
interest payable $ 9000
interest revenue $ 4000
inventory $75000
mortgage payable $80000
owner's capital $ 176600
owner's drawings $ 28000
prepaid insurance $ 2400
property tax expense $ 4800
property tax payables $ 4800
salaries and wages expense $ 108000
sales revenue $728000
sales commission expense $14500
sales commission payable $ 4300
sales returns $ 8000
utilities expense $ 12000
Prepare multi step income statement and closing entries.