The accounts of North East electronics are listed along with their balances before closing at May 31. 2009
| Interestrevenue $ 400 |
Accountspayable $16900 |
| Inventory 45000 |
Accountsrecievable 33700 |
| Note payable , longterm 45000 |
Accumaleteeddepreciation 38000 |
| Salarypayable 2800 |
|
| Salesdiscounts 2400 |
Lou Colgin capital, |
| Sales returns andallowances 8000 |
April30th 2009 3900 |
| Salesrevenue 296 600 |
Lou Colgin withdrawals 19000 |
| Sellingexpenses 37900 |
Cash 7800 |
| Supplies 5900 |
Cost of goodssold 162 000 |
| Unearned salesrevenue 13800 |
Equipment 129 600 |
| Interestpayable 1100 |
Generalexpenses 16700 |
Prepare a North east Electronics multi step income statement for the month ended in May 31st 2009
Prepare North east Electroniocs classified balance sheet inreport form at May 31 , balance of Lou Colgin, Capital
Prepare a North east Electronics multi step incomestatement for the month ended in May 31st 2009
Prepare North east Electroniocs classified balance sheet inreport form at May 31 , balance of Lou Colgin, Capital