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1. Using the above information, prepare adjusting journat entries. 2. Prepare a mulitiple-step income statement for the year ended January 31 that begins with gross
1. Using the above information, prepare adjusting journat entries. 2. Prepare a mulitiple-step income statement for the year ended January 31 that begins with gross sales and includes separate categorles for net sales, cost of goods sold, seiling expenses, and generat and administrative expenses. 3. Prepare a single-step income statement for the year ended January 31 Complete this question by entering your answers in the tabs below. Prepare a single-step income statemient for the year ended January 31 . Requited information Problem 4-5A (Static) Preparing adjusting entries and income statements; computing gross margin, acidtest, and current rotios LO A1, P3, P4 [The following information apples to the questions olisplayed below] The following unadjusted trial balance is prepared at fiscal year-end for Nelson Company Neison Company uses a perpetual inventory system. it categorizes the following accounts as seling expenses. Depreciation Expense-Store Equipment, Sales Salanes Expense, Rent Expense-Selling Space, Store Supplies Expense, and Advertising Expense it categorizes the remaining expenses as general and administrative 1. Using the above information, prepare adjusting journat entries. 2. Prepare a mulitiple-step income statement for the year ended January 31 that begins with gross sales and includes separate categorles for net sales, cost of goods sold, seiling expenses, and generat and administrative expenses. 3. Prepare a single-step income statement for the year ended January 31 Complete this question by entering your answers in the tabs below. Prepare a single-step income statemient for the year ended January 31 . Requited information Problem 4-5A (Static) Preparing adjusting entries and income statements; computing gross margin, acidtest, and current rotios LO A1, P3, P4 [The following information apples to the questions olisplayed below] The following unadjusted trial balance is prepared at fiscal year-end for Nelson Company Neison Company uses a perpetual inventory system. it categorizes the following accounts as seling expenses. Depreciation Expense-Store Equipment, Sales Salanes Expense, Rent Expense-Selling Space, Store Supplies Expense, and Advertising Expense it categorizes the remaining expenses as general and administrative
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