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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
The following selected accounts and their current balances appear in the ledger of
The following selected accounts and their current balances appear in the ledger of Sciatic Co. for the fiscal year ended July 31, 2014:

Instructions
1. Prepare a single-step income statement.
2. Prepare a multiple-step income statement.
3. Prepare a retained earnings statement.
4. Prepare a report form of balance sheet, assuming that the current portion of the note payable is $6,000.
for the fiscal year ended July 31, 2014:

Instructions
1. Prepare a single-step income statement.
2. Prepare a multiple-step income statement.
3. Prepare a retained earnings statement.
4. Prepare a report form of balance sheet, assuming that the current portion of the note payable is $6,000.
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