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3 of 8 (2 complete) P5-35A (similar to) Grade A Beef Company uses a perpetual inventory system. The records of Grade A Beef Company list

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3 of 8 (2 complete) P5-35A (similar to) Grade A Beef Company uses a perpetual inventory system. The records of Grade A Beef Company list the following selected accounts for the quarter ended April 30, 2016 Click the icon to view the accounts.) Read the requirements Requirement 1. Prepare a single-step income statement Grade A Beef Company Income Statement Quarter Ended April 30, 2016 Choose from any ist or enter any number in the input felds and then click Check Answer. Clear All P5-35A (similar to) Grade A Beet Compary unes a perpetual inventory sytem The records of Grade A leel Company ne Efl (Click the icon o view the accouns Read the reurntem inventory system The records of Grase A Bleet C ompsey ist the folowing selected accoures for te qaner ended Apri 30 2014 ncome Statement Quarter Ended April 30 2016 Requirements L Prepare a single-sep income statement Prepare a mub-step income staemen 3. 3 Douglas, manager of the company, sves io ean a gross profit percentage Print on Net income o Choose trom any list or enter any number in the input fields and then click Check Answer Cli 8 Data Table Interest Revenue S400 Accounts Payable s 17.300 45,900 Accounts Receivable 41000 Accumulated Depreciation-Equipment Notes Payable, long-term 36,600 Salaries Payable Sales Discounts 2600 Asop, Capital 5,000 Asop, Withdrawals 6,200 Cash 50,035 Sales Returns and Allowances 7,800 170,500 133,500 Sales Revenue 321,200 Cost of Goods Sold Rent Expense (Selling) 21600 Equipment Office Supplies 6,500 Interest Payable 13,500 Rent Expense (Administrative) 2.000 Utilties Expense (Selling) 1,335 Delivery Expense (Selling) 3,900 Unearned Revenue interest Expense Depreciation Expense Equipment (Administrative) Utilities Expense (Administrative 3,600 Print Done eck Answer Clear All

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