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Can you help me with this and explain it too please, thank you so much!!! Problem 5-6A (Part Level Submission) The adjusted trial balance of
Can you help me with this and explain it too please, thank you so much!!!
Problem 5-6A (Part Level Submission) The adjusted trial balance of Bramble Wholesale Inc. contained the following accounts at December 31, the company's year end: Credit $92,600 BRAMBLE WHOLESALE INC. Adjusted Trial Balance December 31, 2018 Debit Cash $11,600 Accounts receivable 18,400 Prepaid insurance 2,300 Inventory 105,700 Supplies 6,900 Land 128,600 Buildings 217,300 Accumulated depreciation-buildings Equipment 95,200 Accumulated depreciation-equipment Accounts payable Unearned revenue Income tax payable Bank loan payable Common shares Retained earnings Sales Sales returns and allowances 22,800 Sales discounts 14,700 Cost of goods sold 809,900 Administrative expenses 89,000 Selling expenses 43,100 Interest expense 11,300 Interest revenue Income tax expense 16,800 34,900 61,100 9,900 3,800 98,000 50,000 136,100 1,104,500 2,700 $1,593,600 $1,593,600 (a) Prepare a single-step income statement. BRAMBLE WHOLESALE INC. Income Statement (Single-step)Step by Step Solution
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