7. |
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Global uses the perpetual inventory system and the earnings
approach.
Prepare a multiple-step income statement. (Enter
negative amounts using either a negative sign preceding the number
e.g. -45 or parentheses e.g. (45).)
AYAYAI ENTERPRISES
Income Statement
December 31, 2021For the Year Ended December 31, 2021For the Month
Ended December 31, 2021 December 31, 2021For the Month Ended
December 31, 2021For the Year Ended December 31, 2021
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Total Sales RevenuesGross Profit / (Loss)Operating ExpensesS.
Kim, capital, December 31, 2021Total Operating
ExpensesDrawingsOther ExpensesInvestmentProfit from OperationsSales
RevenuesNet Profit / (Loss)S. Kim, capital, January 1, 2021 Sales
RevenuesTotal Sales RevenuesOperating ExpensesTotal Operating
ExpensesNet Profit / (Loss)Gross Profit /
(Loss)DrawingsInvestmentS. Kim, capital, January 1, 2021S. Kim,
capital, December 31, 2021Profit from OperationsOther Expenses
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SalesDepreciation ExpenseUtilities ExpenseCost of Goods
SoldInsurance ExpenseNet SalesSalaries ExpenseSales DiscountsSales
Returns and AllowancesInterest ExpenseSupplies Expense SalesSales
Returns and AllowancesSales DiscountsCost of Goods SoldNet
SalesSalaries ExpenseInterest ExpenseUtilities ExpenseSupplies
ExpenseInsurance ExpenseDepreciation Expense
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$
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AddLess AddLess:
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Supplies ExpenseCost of Goods SoldNet SalesUtilities
ExpenseInsurance ExpenseInterest ExpenseSalaries ExpenseSales
DiscountsSalesDepreciation ExpenseSales Returns and Allowances
SalesSales Returns and AllowancesSales DiscountsCost of Goods
SoldNet SalesSalaries ExpenseInterest ExpenseUtilities
ExpenseSupplies ExpenseInsurance ExpenseDepreciation Expense
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$
|
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Supplies ExpenseSales Returns and AllowancesSalesInterest
ExpenseUtilities ExpenseCost of Goods SoldSales DiscountsNet
SalesInsurance ExpenseSalaries ExpenseDepreciation Expense
SalesSales Returns and AllowancesSales DiscountsCost of Goods
SoldNet SalesSalaries ExpenseInterest ExpenseUtilities
ExpenseSupplies ExpenseInsurance ExpenseDepreciation Expense
|
|
|
|
|
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Utilities ExpenseSupplies ExpenseSales Returns and
AllowancesSalesNet SalesCost of Goods SoldSalaries ExpenseInterest
ExpenseInsurance ExpenseDepreciation ExpenseSales Discounts
SalesSales Returns and AllowancesSales DiscountsCost of Goods
SoldNet SalesSalaries ExpenseInterest ExpenseUtilities
ExpenseSupplies ExpenseInsurance ExpenseDepreciation Expense
|
|
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Supplies ExpenseInterest ExpenseUtilities ExpenseSalaries
ExpenseSales Returns and AllowancesInsurance ExpenseDepreciation
ExpenseNet SalesCost of Goods SoldSalesSales Discounts SalesSales
Returns and AllowancesSales DiscountsCost of Goods SoldNet
SalesSalaries ExpenseInterest ExpenseUtilities ExpenseSupplies
ExpenseInsurance ExpenseDepreciation Expense
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Total Operating ExpensesTotal Sales RevenuesS. Kim, capital,
December 31, 2021Operating ExpensesGross Profit / (Loss)Other
ExpensesInvestmentSales RevenuesDrawingsNet Profit / (Loss)Profit
from OperationsS. Kim, capital, January 1, 2021 Sales RevenuesTotal
Sales RevenuesOperating ExpensesTotal Operating ExpensesNet Profit
/ (Loss)Gross Profit / (Loss)DrawingsInvestmentS. Kim, capital,
January 1, 2021S. Kim, capital, December 31, 2021Profit from
OperationsOther Expenses
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|
|
S. Kim, capital, December 31, 2021Net Profit / (Loss)Total
Operating ExpensesDrawingsOther ExpensesOperating ExpensesGross
Profit / (Loss)S. Kim, capital, January 1, 2021Sales RevenuesProfit
from OperationsTotal Sales RevenuesInvestment Sales RevenuesTotal
Sales RevenuesOperating ExpensesTotal Operating ExpensesNet Profit
/ (Loss)Gross Profit / (Loss)DrawingsInvestmentS. Kim, capital,
January 1, 2021S. Kim, capital, December 31, 2021Profit from
OperationsOther Expenses
|
|
|
Sales Returns and AllowancesDepreciation ExpenseNet SalesSales
DiscountsSupplies ExpenseInterest ExpenseInsurance ExpenseSalaries
ExpenseSalesUtilities ExpenseCost of Goods Sold SalesSales Returns
and AllowancesSales DiscountsCost of Goods SoldNet SalesSalaries
ExpenseInterest ExpenseUtilities ExpenseSupplies ExpenseInsurance
ExpenseDepreciation Expense
|
|
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Depreciation ExpenseSales Returns and AllowancesNet
SalesSalesInsurance ExpenseSales DiscountsCost of Goods
SoldSupplies ExpenseSalaries ExpenseUtilities ExpenseInterest
Expense SalesSales Returns and AllowancesSales DiscountsCost of
Goods SoldNet SalesSalaries ExpenseInterest ExpenseUtilities
ExpenseSupplies ExpenseInsurance ExpenseDepreciation Expense
|
|
|
Net SalesSupplies ExpenseSales DiscountsInterest
ExpenseSalesCost of Goods SoldSales Returns and
AllowancesDepreciation ExpenseUtilities ExpenseSalaries
ExpenseInsurance Expense SalesSales Returns and AllowancesSales
DiscountsCost of Goods SoldNet SalesSalaries ExpenseInterest
ExpenseUtilities ExpenseSupplies ExpenseInsurance
ExpenseDepreciation Expense
|
|
|
Supplies ExpenseUtilities ExpenseSalesCost of Goods
SoldInsurance ExpenseSalaries ExpenseInterest ExpenseNet SalesSales
DiscountsDepreciation ExpenseSales Returns and Allowances
SalesSales Returns and AllowancesSales DiscountsCost of Goods
SoldNet SalesSalaries ExpenseInterest ExpenseUtilities
ExpenseSupplies ExpenseInsurance ExpenseDepreciation Expense
|
|
|
Interest ExpenseSupplies ExpenseSales DiscountsSalaries
ExpenseDepreciation ExpenseNet SalesSalesSales Returns and
AllowancesCost of Goods SoldUtilities ExpenseInsurance Expense
SalesSales Returns and AllowancesSales DiscountsCost of Goods
SoldNet SalesSalaries ExpenseInterest ExpenseUtilities
ExpenseSupplies ExpenseInsurance ExpenseDepreciation Expense
|
|
|
Net Profit / (Loss)Other ExpensesGross Profit / (Loss)Operating
ExpensesTotal Sales RevenuesTotal Operating
ExpensesInvestmentProfit from OperationsS. Kim, capital, January 1,
2021S. Kim, capital, December 31, 2021Sales RevenuesDrawings Sales
RevenuesTotal Sales RevenuesOperating ExpensesTotal Operating
ExpensesNet Profit / (Loss)Gross Profit /
(Loss)DrawingsInvestmentS. Kim, capital, January 1, 2021S. Kim,
capital, December 31, 2021Profit from OperationsOther Expenses
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|
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S. Kim, capital, January 1, 2021Total Operating
ExpensesOperating ExpensesDrawingsSales RevenuesOther ExpensesNet
Profit / (Loss)Profit from OperationsGross Profit / (Loss)S. Kim,
capital, December 31, 2021InvestmentTotal Sales Revenues Sales
RevenuesTotal Sales RevenuesOperating ExpensesTotal Operating
ExpensesNet Profit / (Loss)Gross Profit /
(Loss)DrawingsInvestmentS. Kim, capital, January 1, 2021S. Kim,
capital, December 31, 2021Profit from OperationsOther Expenses
|
|
|
S. Kim, capital, January 1, 2021Profit from OperationsGross
Profit / (Loss)Total Operating ExpensesS. Kim, capital, December
31, 2021InvestmentOther ExpensesSales RevenuesTotal Sales
RevenuesDrawingsOperating ExpensesNet Profit / (Loss) Sales
RevenuesTotal Sales RevenuesOperating ExpensesTotal Operating
ExpensesNet Profit / (Loss)Gross Profit /
(Loss)DrawingsInvestmentS. Kim, capital, January 1, 2021S. Kim,
capital, December 31, 2021Profit from OperationsOther Expenses
|
|
|
Sales DiscountsSalesDepreciation ExpenseSales Returns and
AllowancesUtilities ExpenseInsurance ExpenseSupplies ExpenseCost of
Goods SoldSalaries ExpenseNet SalesInterest Expense SalesSales
Returns and AllowancesSales DiscountsCost of Goods SoldNet
SalesSalaries ExpenseInterest ExpenseUtilities ExpenseSupplies
ExpenseInsurance ExpenseDepreciation Expense
|
|
|
Operating ExpensesOther ExpensesGross Profit / (Loss)Net Profit
/ (Loss)Sales RevenuesTotal Sales RevenuesDrawingsProfit from
OperationsS. Kim, capital, December 31, 2021S. Kim, capital,
January 1, 2021InvestmentTotal Operating Expenses Sales
RevenuesTotal Sales RevenuesOperating ExpensesTotal Operating
ExpensesNet Profit / (Loss)Gross Profit /
(Loss)DrawingsInvestmentS. Kim, capital, January 1, 2021S. Kim,
capital, December 31, 2021Profit from OperationsOther Expenses
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$
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