Create a Multiple-Step Income Statement

Account Title Adjustments DR CR Unadjusted Trial Balance DR CR 136,789 378,956 16,782 23,366 588 150.000 361,866 60,000 30,000 46,777 400,000 10,000 24,000 40,000 75,000 75,000 51,709 53,000 24,000 2,000 7,700 5,000 Cash Accounts Receivable Allowance for Doubtful Accounts Interest Receivable Note Receivable Merchandise Inventory Prepaid Insurance Prepaid Rent Supplies Equipment Accumulated Depreciation - Equipment Accounts Payable Salaries & Wages Payable Uneamed Revenue Interest Payable Utilities Payable Note Payable (final payment due 2023) Common Stock Retained Earnings Dividends Sales Consulting Revenue Sales Returns and Allowances Sales Discounts Cost of Goods Sold Salaries & Wages Expense Depreciation Expense - Equipment Bad Debt Expense Insurance Expense Rent Expense Supplies Expense Utilities Expense Interest Revenue Interest Expense Totals Net Income Totals 350,000 270,600 424,500 Adjusted Trial Balance Income Statement Balance Sheet DR CR DR CR DR CR 136,789 136,789 378,956 378,956 40,148 40,148 588 588 150,000 150,000 361,866 361,866 50,000 50,000 6,000 6,000 6,777 6,777 400,000 400,000 150,000 150,000 51,709 51,709 53,000 53,000 24,000 24,000 7.700 7.700 5,000 5,000 350,000 350,000 270,600 270.600 424,500 424,500 120,000 120,000 4,050,864 4,050,864 35.933 35.933 300,000 300,000 100,000 100,000 1,950,000 1,950,000 1,253,000 1,253,000 75,000 75,000 23,366 23,366 10,000 10,000 24,000 24,000 40,000 40.000 70,000 70,000 588 7,700 7,700 5,464,041 5,464,041 3.853,066 4,087,385 1,610,976 1,376,657 234,319 234,319 4,087,385 4,087,385 1.610,976 1,610,976 120,000 4,050,864 35,933 2,000 300,000 100,000 1,950,000 1.200,000 53,000 75,000 23,366 10,000 24,000 40,000 5,000 65,000 588 588 7,700 240,653 5,299,388 5,299,388 240,653