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Big Rita's Music Company uses a perpetual inventory system. The adjusted trial balance of Big Rita's Music Company at June 30, 2018, follows: (Click
Big Rita's Music Company uses a perpetual inventory system. The adjusted trial balance of Big Rita's Music Company at June 30, 2018, follows: (Click the icon to view the adjusted trial balance.) Read the requirements. Data table Requirement 1. Prepare Big Rita's multi-step income statement for the year ended June 30, 2018. ( Big Rita's Music Company Income Statement Year Ended June 30, 2018 Account Title Cash Accounts Receivable Merchandise Inventory Net Income (Loss) Office Supplies Furniture Accumulated Depreciation-Furniture Accounts Payable Salaries Payable Unearned Revenue Notes Payable, long-term Common Stock Retained Earnings Dividends Sales Revenue Cost of Goods Sold Selling Expense Administrative Expense Interest Expense Total Debit Credit 4,400 38,000 17,800 500 39,300 8,300 13,300 1,300 7,300 15,500 12,000 4,100 39,500 185,000 74,000 19,000 13,000 1,300 $ 246,800 $ 246,800
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