Using the letter preceding each account, arrange the following selected accounts in the order they would normally appear in a chart of accounts of a company that uses a multiple-step income statement.
(a) | Accounts Payable |
(b) | Accounts Receivable |
(c) | Merchandise Inventory |
(d) | Miscellaneous Selling Expense |
(e) | Sales Discounts |
(f) | Interest Expense |
(g) | Income Summary |
(h) | Misc. Admin. Expense |
(i) | Freight Out |
(j) | Sales Returns and Allowances |
Darshita Changed status to publish February 17, 2020
(b) | Accounts Receivable |
(c) | Merchandise Inventory |
(a) | Accounts Payable |
(g) | Income Summary |
(j) | Sales Returns and Allowances |
(e) | Sales Discounts |
(i) | Freight Out |
(d) | Miscellaneous Selling Expense |
(h) | Misc. Admin. Expense |
(f) | Interest Expense |
Darshita Changed status to publish February 17, 2020