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Budget Business Systems Adjusted Trial Balance March 31, 2024 Balance Account Title Debit Credit Cash 2,900 Accounts Receivable 13,300 30,700 1,600 6,500 Merchandise Inventory Estimated

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Budget Business Systems Adjusted Trial Balance March 31, 2024 Balance Account Title Debit Credit Cash 2,900 Accounts Receivable 13,300 30,700 1,600 6,500 Merchandise Inventory Estimated Returns Inventory Office Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Refunds Payable 42,500 $ 13,300 6,300 1,900 6,300 1,900 Accounts Payable Refunds Payable Salaries Payable Notes Payable, long-term 700 8,500 Common Stock 20,000 Retained Earnings 3,400 44,000 Dividends Sales Revenue 238,000 400 I Sales Discounts Forfeited Cost of Goods Sold Selling Expense Administrative Expense 107,100 26,900 14,500 2,500 Interest Expense $ 292,500 $ 292,500 Total Budget Business Systems Income Statement Year Ended March 31, 2024 Net Income (Loss) Budget Business Systems uses a perpetual inventory system. The adjusted trial balance of Budget Business Systems at March 31, 2024, follow Click the icon to view the adjusted trial balance.) Prepare Budget's multi-step income statement for the year ended March 31, 2024. (Use a minus sign or parentheses to show other expenses

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