201. Prepare (a) a single-step income statement, (b) a retained earnings statement, and (c) a balance sheet in report form from the following data for Kooper Co., taken from the ledger after...





201. Prepare (a) a single-step income statement, (b) a retained earnings statement, and (c) a balance sheet in report form from the following data for Kooper Co., taken from the ledger after adjustment on December 31, 2009 the end of the fiscal year.































































































Accounts Payable




$ 97,200




Accounts Receivable




64,300




Accumulated Depreciation - Office Equipment




72,750




Accumulated Depreciation - Store Equipment




162,100




Administrative Expenses




56,500




Capital Stock




70,000




Retained Earnings 1/1/09




11,750




Cash




53,000




Cost of Merchandise Sold




121,700




Dividends




52,000




Interest Expense




12,000




Merchandise Inventory




93,250




Note Payable, Due 2010




154,000




Office Equipment




149,750




Prepaid Insurance




6,500




Rent Revenue




17,500




Salaries Payable




28,700




Sales (net)




365,500




Selling Expenses




41,500




Store Equipment




325,000




Supplies




4,000












































































































































































































































































































































































































































































































































































































































































































































































































































































































































































May 15, 2022
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