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1. Below is Oma Bean Corporation's adjusted trial balance. OMA BEAN CORPORATION Adjusted Trial Balance For Year Ending December 31, 2019 Cash Accounts receivable Inventory
1. Below is Oma Bean Corporation's adjusted trial balance. OMA BEAN CORPORATION Adjusted Trial Balance For Year Ending December 31, 2019 Cash Accounts receivable Inventory Prepaid insurance Supplies Equipment Accumulated depreciation Accounts payable Long-term Notes payable Common stock Retained earnings Dividends Sales Cost of goods sold Rent expense Salaries expense Utilities expense Insurance expense Depreciation expense Interest expense Income tax expense Totals Debit $66,000 42,000 34,000 2,400 6,400 464,000 5,000 245,000 66,000 164,000 4,000 6,800 62,000 1,000 6,000 $1,174,600 (13 points) Prepare a multi-step income statement for Oma Bean. Oma Bean Credit $108,000 100,000 90,000 250,000 38,000 Income Statement For year ended December 31, 2019 $ 588,600 $1,174,600
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