# Can you help me figure out how to compute starting at question 2/ Selected account balances from the adjusted trial balance…

Can you help me figure out how to compute starting at question 2/

Selected account balances from the adjusted trial balance for Olinda Corporation as of its calendar year end December 31, 2013, follow.

 Debit Credit a. Interest revenue \$ 15,700 b. Depreciation expense—Equipment. \$ 35,700 c. Loss on sale of equipment 27,550 d. Accounts payable 45,700 e. Other operating expenses 108,100 f. Accumulated depreciation—Equipment 73,300 g. Gain from settlement of lawsuit 45,700 h. Accumulated depreciation—Buildings 177,900 i. Loss from operating a discontinued segment (pretax) 19,950 j. Gain on insurance recovery of tornado damage (pretax and extraordinary) 30,820 k. Net sales 1,015,500 l. Depreciation expense—Buildings 53,700 m. Correction of overstatement of prior year’s sales (pretax) 17,700 n. Gain on sale of discontinued segment’s assets (pretax) 42,500 o. Loss from settlement of lawsuit 25,450 p. Income taxes expense ? q. Cost of goods sold 499,500
 Section Break Problem 13-6AA Income statement computations and format LO A2

1.

Problem 13-6AA Part 1

 Worksheet Difficulty: Hard Problem 13-6AA Part 4 Learning Objective: 13-A2 Appendix 13A—Explain the form and assess the content of a complete income statement.

Problem 13-6AA Part 5

 Worksheet Difficulty: Hard Problem 13-6AA Part 5 Learning Objective: 13-A2 Appendix 13A—Explain the form and assess the content of a complete income statement.

Can you help me figure out how to compute starting at question 2/ Selected account balances from the adjusted trial balance…

Can you help me figure out how to compute starting at question 2/

Selected account balances from the adjusted trial balance for Olinda Corporation as of its calendar year end December 31, 2013, follow.

 Debit Credit a. Interest revenue \$ 15,700 b. Depreciation expense—Equipment. \$ 35,700 c. Loss on sale of equipment 27,550 d. Accounts payable 45,700 e. Other operating expenses 108,100 f. Accumulated depreciation—Equipment 73,300 g. Gain from settlement of lawsuit 45,700 h. Accumulated depreciation—Buildings 177,900 i. Loss from operating a discontinued segment (pretax) 19,950 j. Gain on insurance recovery of tornado damage (pretax and extraordinary) 30,820 k. Net sales 1,015,500 l. Depreciation expense—Buildings 53,700 m. Correction of overstatement of prior year’s sales (pretax) 17,700 n. Gain on sale of discontinued segment’s assets (pretax) 42,500 o. Loss from settlement of lawsuit 25,450 p. Income taxes expense ? q. Cost of goods sold 499,500
 Section Break Problem 13-6AA Income statement computations and format LO A2

1.

Problem 13-6AA Part 1

 Worksheet Difficulty: Hard Problem 13-6AA Part 4 Learning Objective: 13-A2 Appendix 13A—Explain the form and assess the content of a complete income statement.

Problem 13-6AA Part 5

 Worksheet Difficulty: Hard Problem 13-6AA Part 5 Learning Objective: 13-A2 Appendix 13A—Explain the form and assess the content of a complete income statement.