In 2011 ClydeClydeRenkasRenkasopened Clydes Pets a small retail shop selling pet supplies.On December 31,2011,, Clyde’saccounting records showed the following
Inventory on December 31, 2011
Inventory on January 1, 2011
Utilities for shop
Rent for shop
Purchases of merchandise
(Click the icon to view the accounting records.)
Requirement 1. Prepare an income statement for
Clyde’s PetsClyde’s Pets,
a merchandiser, for the year ended December 31, 2011.
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Year Ended December 31, 2011
Cost of goods sold:
Cost of goods sold
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