Question
an adjusted trial balance of woods company as of December 31, 2017 is given below. prepare a multi-step income statement for the year for company
an adjusted trial balance of woods company as of December 31, 2017 is given below. prepare a multi-step income statement for the year for company in the form. debit cash 15,000 accounts of receiveable 42,000 merchandise inventory 60,000 supplies 15,000 land 300,000 H. woods, Withdrawls 3,000 sales return and allowances 6,000 sales discounts 9,000 cost of goods sold 240,000 salaries expense 15,000 utilities expense 69,000 rent expense 54,000 interest expense 6,000 credit accounts payable 3,000 notes payable 25,000 h.woods, capital 326,000 sales revenue 480,000
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