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I need help creating a multi-step income statement from this adjusted trial balance. Insert image of your assigned Adjusted Trial Balance HERE Kaleidoscope Company, Inc
I need help creating a multi-step income statement from this adjusted trial balance.
Insert image of your assigned Adjusted Trial Balance HERE Kaleidoscope Company, Inc December 31, 2017 Adjusted Trial balance Debit Credit 45,000 44,900 Cash Accounts Receivable Allowance for Doubtful Accounts Short Term Note Receivable Interest Receivable Supplies Prepaid Insurance Inventory Vehicle Equipment Accumulated Depreciation Accounts Payable Unearned Revenuee Wages Payable Long-Term Notes Payable Common Stock 2,000 80,000 13,500 60,000 48,200 23,000 16,000 41,000 18,000 20,000 18,000 7,000 65,000 132,000 15,000 Retained Earnings (1/1/2017) Dividends Sales Sales Returns & Allowances Sales Discounts Cost of Goods Sold 2,000 557,000 7,600 3,000 51,000 2,000 Delivery Expense 15,400 Depreciation Expense Bad Debt Expense 2,000 85,000 40,000 195,000 12,300 Rent Expense Insurance Expense Wages Expense Supplies Expense Interest Revenue Loss on Disposal Interest Expense Income Tax Expense Total 2,400 7,000 6,500 3205,00 836.400 836.400 836,400 ALL PAGES OF THIS DOCUMENT MUST BE UPLOADED TO D2Step by Step Solution
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