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create a multi-step income statement Adjusted Trial Balance Debit $36,100 $ 77,000 Credit 4 Cash 5 Accounts receivables 6 Allowance for uncollectible accounts 7 Inventory
create a multi-step income statement
Adjusted Trial Balance Debit $36,100 $ 77,000 Credit 4 Cash 5 Accounts receivables 6 Allowance for uncollectible accounts 7 Inventory 8 Notes receivables $ 15,400 $ 69,000 10,000 100 $ 14,400 Interest receivables 0 Equipment 1 Accumulated depreciation 2 Accounts payable 3 Commonstock 4 Retained earnings 5 Sales revenue 6 Interest revenue 7 Cost of goods sold $ 200 $ 41,850 $ 45,000 $ 23,600 $ 73,600 $100 Bad debt expense Depreciation expense Income tax expense Totals $ 32,250 $ 10,000 $200 S 5,000 S 226,900 226,900 Adjusted Trial Balance Debit $36,100 $ 77,000 Credit 4 Cash 5 Accounts receivables 6 Allowance for uncollectible accounts 7 Inventory 8 Notes receivables $ 15,400 $ 69,000 10,000 100 $ 14,400 Interest receivables 0 Equipment 1 Accumulated depreciation 2 Accounts payable 3 Commonstock 4 Retained earnings 5 Sales revenue 6 Interest revenue 7 Cost of goods sold $ 200 $ 41,850 $ 45,000 $ 23,600 $ 73,600 $100 Bad debt expense Depreciation expense Income tax expense Totals $ 32,250 $ 10,000 $200 S 5,000 S 226,900 226,900Step by Step Solution
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