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Car Company Adjusted Trial Balance as of December 31, 2015 Credit Debit Accounts Cash 77,075 Accounts Receivable 15,300 Inventory 53,890 Supplies 750 Equipment 170,000 Accumulated
Car
| Company | |||||||||
| Adjusted Trial Balance as of December 31, 2015 | Credit | Debit | |||||||
| Accounts | |||||||||
| Cash | 77,075 | ||||||||
| Accounts Receivable | 15,300 | ||||||||
| Inventory | 53,890 | ||||||||
| Supplies | 750 | ||||||||
| Equipment | 170,000 | ||||||||
| Accumulated Depreciation-Equipment | 13,000 | ||||||||
| Accounts Payable | 29,500 | ||||||||
| Wages Payable | - | ||||||||
| 6% Notes Payable | 50,000 | ||||||||
| Interest Payable on Notes | 247 | ||||||||
| Salaries Payable | 4,000 | ||||||||
| Capital | 230,800 | ||||||||
| Sales | 22,850 | ||||||||
| Cost of Merchandise Sold | 13,510 | ||||||||
| Sales Return | 900 | ||||||||
| Sales Discount | 375 | ||||||||
| Rent Expense | 6,000 | ||||||||
| Wages Expense | 5,200 | ||||||||
| Salaries Expense | 4,000 | ||||||||
| Depreciation Expense | 1,000 | ||||||||
| Supplies Expense | 2,150 | ||||||||
| Interest Expense | 247 | ||||||||
| 350,397 | 350,397 | ||||||||
| How do I prepare a multi-step income statement? |
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
13th Edition
978-0073379616, 73379611, 978-0697789938
