The Records of Dame Inc

question 209

Essay

The records of Dame Inc.included the account balances set forth in the table below as of September 30.
Part a.Complete the two columns in the table set forth below by indicating (column 1)whether it is reported in the income statement (I/S)or balance sheet (B/S)and (column 2)whether it is an asset (A),liability (L),stockholders' equity (SE),revenue (R),or expense (E)account.

Part b.Prepare an income statement for the year ended September 30.
Part c.Determine the company's net profit margin expressed as a percent.

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