1. Coach’s Income Account TitleAmount Computation Sales revenue Cost of goods sold Gross profit Interest expense Bad debt expense Depreciation expense Selling & admin. expense Income before taxes Income tax expense NET INCOME

2. Coach’s Income Account Title Other non-cash accounts involved Sales revenue Cost of goods sold Gross profit Interest expense Bad debt expense Depreciation expense Selling & admin. expense Income before taxes Income tax expense NET INCOME

3. Coach’s Income Account Title Other non-cash accounts involved Sales revenue Accounts receivable; Allowance for uncollectibles; Unearned revenue Cost of goods sold Gross profit Interest expense Bad debt expense Depreciation expense Selling & admin. expense Income before taxes Income tax expense NET INCOME

4. Coach’s Income Account Title Other non-cash accounts involved Sales revenue Accounts receivable; Allowance for uncollectibles; Unearned revenue Cost of goods sold Gross profit Interest expense Bad debt expense Accounts receivable; Allowance for uncollectibles Depreciation expense Selling & admin. expense Income before taxes Income tax expense NET INCOME

5. Coach’s Income Account TitleAmount Computation Sales revenue Cost of goods sold Gross profit Interest expense Bad debt expense(1.0).98 AR = 49; AR = 50 Gross; BD = 1 Depreciation expense Selling & admin. expense Income before taxes Income tax expense NET INCOME

6. Coach’s Income Account Title Other non-cash accounts involved Sales revenue Accounts receivable; Allowance for uncollectibles; Unearned revenue Cost of goods sold Gross profit Interest expense Bad debt expense Accounts receivable; Allowance for uncollectibles Depreciation expense Selling & admin. expense Income before taxes Income tax expense NET INCOME

7. Coach’s Income Account TitleAmount Computation Sales revenue638.0 = 600 + 50 - 12 Cost of goods sold Gross profit Interest expense Bad debt expense(1.0).98 AR = 49; AR = 50 Gross; BD = 1 Depreciation expense Selling & admin. expense Income before taxes Income tax expense NET INCOME

8. Coach’s Income Account Title Other non-cash accounts involved Sales revenue Accounts receivable; Allowance for uncollectibles; Unearned revenue Cost of goods sold Accounts payable; inventory Gross profit Interest expense Bad debt expense Allowance for uncollectibles Depreciation expense Selling & admin. expense Income before taxes Income tax expense NET INCOME

9. Coach’s Income Account TitleAmount Computation Sales revenue638.0 = 600 + 50 - 12 Cost of goods sold(235.0) = 240 + 20 - 25 Gross profit Interest expense Bad debt expense(1.0).98 AR = 49; AR = 50 Gross; BD = 1 Depreciation expense Selling & admin. expense Income before taxes Income tax expense NET INCOME

10. Coach’s Income Account TitleAmount Computation Sales revenue638.0 = 600 + 50 - 12 Cost of goods sold(235.0) = 240 + 20 - 25 Gross profit403.0 = 638 - 235 Interest expense Bad debt expense(1.0).98 AR = 49; AR = 50 Gross; BD = 1 Depreciation expense Selling & admin. expense Income before taxes Income tax expense NET INCOME

11. Coach’s Income Account Title Other non-cash accounts involved Sales revenue Accounts receivable; Allowance for uncollectibles; Unearned revenue Cost of goods sold Accounts payable; inventory Gross profit Interest expense Note payable; interest payable Bad debt expense Allowance for uncollectibles Depreciation expense Selling & admin. expense Income before taxes Income tax expense NET INCOME

12. Coach’s Income Account TitleAmount Computation Sales revenue638.0 = 600 + 50 - 12 Cost of goods sold(235.0) = 240 + 20 - 25 Gross profit403.0 = 638 - 235 Interest expense(2.0) = 50 x.08 x (6/12) Bad debt expense(1.0).98 AR = 49; AR = 50 Gross; BD = 1 Depreciation expense Selling & admin. expense Income before taxes Income tax expense NET INCOME

13. Coach’s Income Account Title Other non-cash accounts involved Sales revenue Accounts receivable; Allowance for uncollectibles; Unearned revenue Cost of goods sold Accounts payable; inventory Gross profit Interest expense Note payable; interest payable Bad debt expense Allowance for uncollectibles Depreciation expense Equipment (PPE); Accumulated depreciation Selling & admin. expense Income before taxes Income tax expense NET INCOME

14. Coach’s Income Account TitleAmount Computation Sales revenue638.0 = 600 + 50 - 12 Cost of goods sold(235.0) = 240 + 20 - 25 Gross profit403.0 = 638 - 235 Interest expense(2.0) = 50 x.08 x (6/12) Bad debt expense(1.0).98 AR = 49; AR = 50 Gross; BD = 1 Depreciation expense(8.0) = 40 - 32 Selling & admin. expense Income before taxes Income tax expense NET INCOME

15. Coach’s Income Account Title Other non-cash accounts involved Sales revenue Accounts receivable; Allowance for uncollectibles; Unearned revenue Cost of goods sold Accounts payable; inventory Gross profit Interest expense Note payable; interest payable Bad debt expense Allowance for uncollectibles Depreciation expense Equipment (PPE); Accumulated depreciation Selling & admin. expense Selling & administrative payables Income before taxes Income tax expense NET INCOME

16. Coach’s Income Account TitleAmount Computation Sales revenue638.0 = 600 + 50 - 12 Cost of goods sold(235.0) = 240 + 20 - 25 Gross profit403.0 = 638 - 235 Interest expense(2.0) = 50 x.08 x (6/12) Bad debt expense(1.0).98 AR = 49; AR = 50 Gross; BD = 1 Depreciation expense(8.0) = 40 - 32 Selling & admin. expense(94.0) = 88 + 8 - 2 Income before taxes298.0 Income tax expense NET INCOME

17. Coach’s Income Account Title Other non-cash accounts involved Sales revenue Accounts receivable; Allowance for uncollectibles; Unearned revenue Cost of goods sold Accounts payable; inventory Gross profit Interest expense Note payable; interest payable Bad debt expense Allowance for uncollectibles Depreciation expense Equipment (PPE); Accumulated depreciation Selling & admin. expense Selling & administrative payables Income before taxes Income tax expense Income before tax; income taxes payable; Deferred income taxes NET INCOME

18. Coach’s Income Account TitleAmount Computation Sales revenue638.0 = 600 + 50 -12 Cost of goods sold(235.0) = 240 + 20 - 25 Gross profit403.0 = 638 - 235 Interest expense(2.0) = 50 x.08 x (6/12) Bad debt expense(1.0).98 AR = 49; AR = 50 Gross; BD = 1 Depreciation expense(8.0) = 40 - 32 Selling & admin. expense(94.0) = 88 + 8 - 2 Income before taxes298.0 Income tax expense(59.6).2 x 298 NET INCOME238.4