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Exercise 3-15A (Algo) Single-step and multistep income statements LO 3-6 The following information was taken from the accounts of Green Market, a delicatessen, at
Exercise 3-15A (Algo) Single-step and multistep income statements LO 3-6 The following information was taken from the accounts of Green Market, a delicatessen, at December 31, Year 2. The accounts are listed in alphabetical order, and each has a normal balance. Accounts payable Accounts receivable Advertising expense Cash Common stock Cost of goods sold Interest expense Merchandise inventory Prepaid rent Retained earnings, 1/1/Year 2 Sales revenue Salaries expense Rent expense $610 410 200 420 210 700 60 350 50 645 1,100 230 100 45 Gain on sale of land Required Prepare an income statement for the year using the single-step and multistep approach Complete this question by entering your answers in the tabs below. < Prev 3 of 4 Next >
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