Accounting help!! (more but couldn't fit it all, email for rest)?

BizKid Company鈥檚 adjusted trial balance on August 31, 2005, its fiscal year-end, follows:

Debit Credit

Merchandise inventory . . . . . . . . . . . . $ 31,000
Other (noninventory) assets . . . . . . . . 120,400
Total liabilities . . . . . . . . . . . . . . . . . . $ 35,000
N. Kidman, Capital . . . . . . . . . . . . . . . 101,650
N. Kidman, Withdrawals . . . . . . . . . . . 8,000
Sales . . . . . . . . . . . . . . . . . . . . . . . . . 212,000
Sales discounts . . . . . . . . . . . . . . . . . 3,250
Sales returns and allowances . . . . . . . 14,000
Cost of goods sold . . . . . . . . . . . . . . 82,600
Sales salaries expense . . . . . . . . . . . . 29,000
Rent expense鈥擲elling space . . . . . . . 10,000
Store supplies expense . . . . . . . . . . . . 2,500
Advertising expense . . . . . . . . . . . . . . 18,000
Office salaries expense . . . . . . . . . . . . 26,500
Rent expense鈥擮ffice space . . . . . . . 2,600
Office supplies expense . . . . . . . . . . . 800
Totals . . . . . . . . . . . . . . . . . . . . . . . . $348,650 $348,650


On August 31, 2004, merchandise inventory was $25,000. Supplementary records of merchandising
activities for the year ended August 31, 2005, reveal the following itemized costs:
Invoice cost of merchandise purchases . . . . . . . $91,000
Purchase discounts received . . . . . . . . . . . . . . . 1,900
Purchase returns and allowances . . . . . . . . . . . . 4,400
Costs of transportation-in . . . . . . . . . . . . . . . . 3,900

Required

Single-step income statement for the year ended Aug 31, 2005

Revenues-
Net sales $194,750

Costs and expenses-
Cost of goods sold $82,600
Selling expenses $59,500
General & administrative $29,900
Sub-total $172,000

Income before tax $ 22,750

I've emailed the whole answer to you.

i'd like to give it atry too ,i study accounting :),i asked a q ill be glad if you can help

Go ahead and e-mail me, I'm an accountant. I think if you add me as a contact then you'll be able to e-mail me.