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a multi step income statement for the year ended is needed from this adjusted trial balance Cash 10,000 Accounts Receivable 5,000 Prepaid Rent 3,000 Supplies
a multi step income statement for the year ended is needed from this adjusted trial balance
Cash 10,000 Accounts Receivable 5,000 Prepaid Rent 3,000 Supplies 1,100 Land 25,350 Building 50,000 Accumulated Depreciation-Building 5.000 Trademark 2,500 Accounts Payable 8,000 Unearned Revenue 3,500 Notes Payable(3 months) 5,000 Common Stock 45.000 Retained Earnings 20.970 Sales 25,300 Sales Returns & Allowance 1,600 Sales Discounts 220 Interest Income 150 Cost of Goods Sold 10,100 Selling Expenses 2,300 General & Administrative Expenses 1,400 Interest Expense 250 Income Tax Expense 100 Total $ 112,920 $ 112.920Step by Step Solution
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