# Discount Office Systems uses a perpetual inventory system. The adjusted trial balance of Discount Office Systems...

###### Question:

Discount Office Systems uses a perpetual inventory system. The adjusted trial balance of Discount Office Systems at March 31, 2018, follows: (Click the icon to view the adjusted trial balance.) Prepare Discount's single-step income statement for the year ended March 31, 2018 Revenues: Net Sales Revenue Expenses: Cost of Goods Sold Selling Expense Administrative Expense Interest Expense Total Expenses Net Income (Loss)
Account Title Cash Accounts Receivable Merchandise Inventory Office Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Notes Payable, long-term Balance Debit Credit 4,000 13,500 31,400 7,000 42,400 13,100 9,700 700 7.800
10,000 10,850 43,000 241,000 Common Stock Retained Earnings Dividends Sales Revenue Cost of Goods Sold Selling Expense Administrative Expense Interest Expense 108,450 26,700 14,500 2,200 $293,150$ 293,150 Total

#### Similar Solved Questions

##### Write the code in PYTHON and please provide the full code, thank you! Write a program...
Write the code in PYTHON and please provide the full code, thank you! Write a program that plots two functions: f(x) = x2 and g(x) = ax. Write it in such a way that the intersection points are marked with an X, for arbitrary a. • You may use your favorite ready-made function to find the interse...
##### A batch blending process consists of a blending tank that mixes five liquid ingredients. The ingredients...
A batch blending process consists of a blending tank that mixes five liquid ingredients. The ingredients are designated as A, B, C, D, and E. Each ingredient is controlled by an ON/OFF solenoid valve. The following statement list could be used to control this process: Initial Condition: Drain valve ...
##### 6) Let X1,.. .,X/n be n independent observations taken from Np(fu, E) where is known Find...
6) Let X1,.. .,X/n be n independent observations taken from Np(fu, E) where is known Find a statistic for testing Ho : 1 = 2 = .. . = /ip and obtain its sampling distribution...
##### 1 point You and your partner and both of your families only have individuals with brunette...
1 point You and your partner and both of your families only have individuals with brunette hair. However, you and your partner have a red haired baby. In the absence of mutation (and infidelity), what could explain this? O natural selection O discontinuous variation O latent variation neutral mutati...
##### 2) prepare the T-accounts. To complete the journal entries, do not forget that you need to...
2) prepare the T-accounts. To complete the journal entries, do not forget that you need to make the adjusting entries per the descriptions of transactions in the project document. 3) The last tab in the Excel template is for you to prepare the unadjusted trial balance, as well as the adjusted trial ...
##### How is direct labor hours from the original budget converted to direct labor hours in the...
How is direct labor hours from the original budget converted to direct labor hours in the flexed budget? I specifically don't get how 1.100hrs is calculated in the flexed budget. Antonio plc makes product X, the standard costs of which are: Sales revenue Direct labour (2 hours) Direct materials ...
##### The Hill of Tara in Ireland is a place of great archaeological importance. This region has...
The Hill of Tara in Ireland is a place of great archaeological importance. This region has been occupied by people for more than 4,000 years. Geomagnetic surveys detect subsurface anomalies in the earth's magnetic field. These surveys have led to many significant archaeological discoveries. Afte...
##### Q They affect the central nervous ight causing insomnia. like monoamine oxidase inhibitors, SSRs like sertraline...
q They affect the central nervous ight causing insomnia. like monoamine oxidase inhibitors, SSRs like sertraline Prozac Some may have sedating effects hence cause excess sleepiness like amitriptyline and doxepin 4. Your 69-year-old female patient is admitted for a sleep study. She complains of sleep...
##### The device pictured in the figure entertains infants while keeping them from wandering. The child bounces...
The device pictured in the figure entertains infants while keeping them from wandering. The child bounces in a harness, with a spring constant k, and is suspended off of the ground. HW 12 - Thermal Physics Begin Date: 11/13/2019 12:01:00 AM -- Due Date: 11/22/2019 11:59:00 PM End Date: 11/29/2019 11...
##### Please help me understand the science behind the "world's simplest electric train". 1) Draw a diagram...
Please help me understand the science behind the "world's simplest electric train". 1) Draw a diagram illustrating the key settings,including battery,magnet and tunnel 2) Explain what drives the train to move, explain the role of the battery , magnet and tunnel wires 3) what is the main ...
##### You are an administrator for a local hospital. The community has been in need of better...
You are an administrator for a local hospital. The community has been in need of better support and care for their aged, dying loved ones at your facility. In a memo for the hospital board, outline goals, policies, and procedures to meet the social, psychological and medical needs of the dying as we...
##### 2.6 Consider a process consisting of a linear trend with an additive noise term consisting of...
2.6 Consider a process consisting of a linear trend with an additive noise term consisting of independent random variables wt with zero means and variances o that is where Bo, B1 are fixed constants (a) Prove t is nonstationary. (b) Prove that the first difference series Vxt finding its mean and aut...
##### During an isothermal compression, water pressure increases from 33 atm to 66 atm. The water temperature...
During an isothermal compression, water pressure increases from 33 atm to 66 atm. The water temperature remains constant at 20 C. If the isothermal compressibility is 5.8x10^-5 atm -1, the increase im density is?...
##### In a study of memory recall, 8 students from a large psychology class were selected at...
In a study of memory recall, 8 students from a large psychology class were selected at random and given 10 minutes to memorize a list of 20 nonsensical words. Each was asked to list as many of the words as he or she could remember both 1 hour and 24 hours later. The data are as shown in the accompan...