Hi im new in studying accounting. I have quiz coming up tomorrow and I was wondering how I set up a Certified balance sheet and a multi-step income statement. The example we recieved was this.

On may 1st, 2006 Jane Win began the Jane Win Co. which owns a business selling gift items. She ivested 12,000 for 10,000 shares of capital stock. The account balances at May 31st 2006 are as follows:

Accounts reciables 5,200
Supplies expense- 1,750
Prepaid supplies - 650
equip. & furn (net of acc. depre) 9,000

dividends paids- 100
salaries payable - 2,000
long-term notes payable - 9,000
inventory - 5,000
intrest expense - 100

cost of goods sold- 7,000
rent expense- 1,200
accounts payable- 4,700
cash - 5,900
sales revenue - 20,000
salary expense - 8,000
advertising expense - 800
depreciation expense - 1,000
long term investment - 2,000
income tax expense - 0



can some one please help me out I really dont want to get lost in this subject!


Thanks