Question
Green Peace Co. as of 31/05/2023 Sales Revenue $14,500; Salaries Expense $2,200; Capital $35,000; Building $30,000; Accumulated Depreciation-Building $3,300, Withdrawals $6,000; Utilities Expense $900; Advertising
Green Peace Co. as of 31/05/2023 Sales Revenue $14,500; Salaries Expense $2,200; Capital $35,000; Building $30,000; Accumulated Depreciation-Building $3,300, Withdrawals $6,000; Utilities Expense $900; Advertising Expense $500 Sales discounts $700; Accounts Payable $1,500; Insurance Expense $800; Unearned Revenue $3,500; Cost of Goods Sold $7,500; Accrued Utilities Expense $850; Freight-out $675; Sales returns & allowances $1,300; Building Depreciation Expense $225; Interest expense $300; Gains on disposal of plant assets $700; and Office Furniture $7,700 :Required Prepare a multiple-step income statement for May 2023 in good form. (5 marks) .1 Provide three different examples for contra acconts. Identify their t
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