Question
How would i solve the 20XY trial balance of the income statement? 20XY Net sales Cost of goods sold Gross profit Operating expenses: Depreciation expenses
How would i solve the 20XY trial balance of the income statement?
20XY Net sales Cost of goods sold Gross profit Operating expenses: Depreciation expenses Bad Debt expenses Utilities expenses Loss on Sale of Inventory Travel expenses Total operating expenses Income (loss) from operations Other income and (expensg) Legal settlement gain Service revenue Interest revenue Total other income (expenses) Income (loss) before income taxes Income tax (expense) benefit Net income (loss) 20xx 35,000.00 35,000.00 60,000.00 400.00 1,000.00 1,000.00 5.00000 67,400.00 (32,400.00) 10,000.00 3.000.oo 2,000.00 15,000.00 (17,400.00) (17,400.00)
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