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Activity #13-A The adjusted trial balance columns of Falcetto Company's worksheet for the year ended December 31, 2020, are as follows: Debit Credit Cash 14,500
Activity #13-A The adjusted trial balance columns of Falcetto Company's worksheet for the year ended December 31, 2020, are as follows: Debit Credit Cash 14,500 Accumulated Depreciation 18,000 Accounts Receivable 11,100 Notes Payable 25,000 Merchandise Inventory 29,000 Accounts Payable 10,600 Prepaid Insurance 2,500 Larry Falcetto, Capital 81,000 Store Equipment 95,000 Sales 536,800 Larry Falcetto, Drawing 12,000 Interest Revenue 2,500 Sales Returns and Allowances 6,700 673.900 Sales Discounts 5,000 Cost of Goods Sold 363,400 Freight-out 7,600 Advertising Expense 12,000 Salaries Expense 56,000 Utilities Expense 18,000 Rent Expense 24,000 Depreciation Expense 9,000 Insurance Expense 4,500 Interest Expense 3,600 673.900 Instruction: Prepare a multiple-step income statement for Falcetto Company
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