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DO IT! 2b Multiple-Step Income Statement The following are the adjusted account balances of Roy's Western Palace. Cash $83,000 Sales Revenue $181,330 ons wei Accounts

DO IT! 2b Multiple-Step Income Statement The following are the adjusted account balances of Roy's Western Palace. Cash $83,000 Sales Revenue $181,330 ons wei Accounts Receivable 24,000 Interest Revenue 230 of aromats Inventory 10,000 Rent Revenue 5,220 Supplies 2,560 Sales Returns and Allowances 5,780 Prepaid Insurance 3,200 Sales Discounts 3,210 Equipment 10,730 Cost of Goods Sold 93,250 Accum. Deprec.-Equipment 3,290 Salaries and Wages Expense 23,450 Accounts Payable 11,050 Rent Expense 12,000 Notes Payable 35,250 Supplies Expense 4,290 Salaries and Wages Payable 3,240 Interest Expense 560 Owner's Capital 93,130 Freight-Out 4,820 Owner's Drawings 48,000 Depreciation Expense 3,290 Insurance Expense 400 Utilities Expense 200

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