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Efficient Office Systems uses a perpetual inventory system. The adjusted trial balance of Efficient Office Systems at March 31, 2024, follows: Click the icon to
Efficient Office Systems uses a perpetual inventory system. The adjusted trial balance of Efficient Office Systems at March 31, 2024, follows: Click the icon to view the adjusted trial balance.) Prepare Efficient's multi-step income statement for the year ended March 31, 2024 (Use a minus sign or parentheses to show other expenses.) Efficient Office Systems Income Statement Year Ended March 31, 2024 Net Income (Loss) Efficient Office Systems Adjusted Trial Balance March 31, 2024 Balance Account Title Debit Credit Cash 2,800 Accounts Receivable 13,400 30,300 1,500 6,900 42.100 13,800 6,300 Merchandise Inventory Estimated Returns Inventory Office Supplies Equipment Accumulated Depreciation--Equipment Accounts Payable Refunds Payable Salaries Payable Notes Payable, long-term Moss, Capital Moss, Withdrawals Sales Revenue Sales Discounts Forfeited Cost of Goods Sold Selling Expense Administrative Expense 2,700 1,100 7,600 26,700 44,500 230,000 900 103,500 27,000 14,500 2,600 Interest Expense 289,100 $ 289,100 Total
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