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dan qp 670 Part 2: NOTE: This is a DIFFERENT COMPANY. Using the trial balance below, complete the Multi-Step Income Statement and prepare the Statement

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dan qp 670 Part 2: NOTE: This is a DIFFERENT COMPANY. Using the trial balance below, complete the Multi-Step Income Statement and prepare the Statement of Retained Earnings and Classified Balance Sheet on the pages which follow. To get full credit you must include all critical subtotals. Part 2: Insert Second Trial Balance HERE. Quagmire Company Adjusted Trial Balance December 31, 2017 DEBIT CREDIT Cash 3.900 Accounts Receivable 3.460 Allowance for Doubtful Accounts Short term Note Receivable 800 Interest Receivable 120 Supplies 130 Inventory 2.500 Prepaid Expenses 350 Equipment 12.720 Accumulated Depreciation 2.970 Copyrights 1000 Accounts Payable 670 Interest Payable 20 Unearned Revenue 50 Long Term Note Payable 1.400 Common Stock 3,600 Pald-in-Capital In Excess of Par-CS 800 Retained Earnings (1/1/15) 2.160 Dividends 600 Sales 49 100 Sales Returns & Allowances 40 Sales Discounts 60 Cost of Goods Sold 24,600 Bad debt expense 30 Depreciation Expense 770 Amortization Expense 70 Wages Expense 8,000 Rent Expense 500 Office Expense 80 Supplies Expense 100 Selling Expense 800 Interest Expense 200 Interest Revenue 150 Income Tax Expense 760 Totals 61.590 61.590) YOU MUST INCLUDE ALL PAGES OF THIS DOCUMENT IN YOUR ASSIGNMENT SUBMISSION SUBMIT AS ONE PDF DOCUMENT > TO) EN) Law Abituri 96 pada wa Multi Step Income Statement For the year ended December 31, 2017 (Be sure to include all the necessary headings, totals and subtotals as outlined in Chapter 5. You may not need to use all the lines provided. Note: The two columns below do not represent debit and credit balances like they do on a trial balance. On the Income Statement, use the right column for subtotals and totals.) Statement of Retained Earnings For the year ended December 31, 2017 Classified Balance Sheet December 31, 2017 (Be sure to include all the necessary subtotals and totals as outlined in Chapter 2. You may not need to use all of the lines provided. Note: The two columns below do not represent debit and credit balances like they do on a trial balance. On the Balance Sheet, use the right column for subtotals and totals.) 10

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