Apply y la Real Beyond Walls 22 1. You have been hired as the senior accountant for Inoubliable Interiors. The ad trial balance was prepared by the bookkeeper and the chief finance officer a assigned you the task of preparing the SC using the single-step format. Your op will be checked for accuracy, correctness, and organization Inoubliable Interiors Trial Balance 31 December 2020 Account Credit Cash Supplies Accounts Receivable Prepaid Rent Debit (P) 168 585.00 7 369.00 54 440.00 21 000.00 302 650.00 4 325.00 15 555.00 22 234.00 12 000.00 18 000.00 Equipment Allowance for Bad Debts Accumulated Depreciation - Equipment Accounts Payable Notes Payable Salaries Payable Interest Payable Veektori, Capital Veektori, Drawing Professional Fees Salaries Expense Supplies Expense Utilities Expense 785.00 375 000.00 25 000.00 285 395.00 96 100.00 12 000.00 28 495.00 Rent Expense Depreciation Expense Interest Expense Bad Debts Expense 7 200.00 5 345.00 785.00 4 325.00 1733 294.00 Total 1733 294.00 Fundamentals of Accountancy, Business, and Management 2 Second Edition 2 ss Linda's Merchandise bired you as accountant on the third year of their operations. The previo accountant let fe abroad but has prepared the account bilances. You are to prepare the sa using the step format based on the sation provided below. Your output will be checked for my, corectness and organization by the head of the accounting department Mrs. Lindholm's Merchandise Account Balances 31 December 2020 Account Debit Credit 285 553.00 Sales Sales Returns and Allowances 3586.00 2 500.00 Sales Discounts Merchandise Inventory, Beginning 175000.00 Purchases 80 250.00 250000 Freight-in 2875.00 Purchase Discounts 3 000.00 Purchase Returns and Allowances 61 234.00 Merchandise Inventory, Ending 22 875.00 Rent 12 500.00 Commission Expense 28 000.00 Salaries 2850.00 Utilities 650.00 Gas and Oil 6585.00 Repairs and Maintenance 1475.00 Interest Income 5000.00 Interest Expense 3500.00 Taxes and Licenses Financial Statements and Their AnalysisService and Merchandising Businesses