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5. Prepare Taylor Electronics classified balance sheet in report form as of March 31 2015. Learning objectives 5, 6 P5-35A Preparing a single-step income statement,

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5. Prepare Taylor Electronics classified balance sheet in report form as of March 31 2015. Learning objectives 5, 6 P5-35A Preparing a single-step income statement, preparing a multi-step income statement, and computing the gross profit percentage 2. Operating Income S71.900 The records of Grade A Steak Company list the following selected accounts for the quarter ended April 30, 2015: 17,000 800 Accounts payable 45.100 Accounts Receivable Merchandise Inventory 47,000 Accumulated Depreciation-Equipment 37,600 2,400 Angus, Capital, Jan. 31 Salaries Payable 2.000 Angus, Withdrawals Sales Returns and Allowances 296.100 Cost of Goods Sold 21.780 Rent Expense (Seiling) 5,700 Interest Payable Office Supplies 13,300 Rent Expense (Administrative) 2,000 Utilities Expense Seling) 1.630 Delivery Expense (seling) Depreciation Expense-Equipment (Administrative) Utilties Expense (Administrative) Alt

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