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I need help finishing Requirement 3. I don't know where to find the rest of the numbers. Requirement 2. Prepare Tiger Electronics' adjusted trial balance
I need help finishing Requirement 3. I don't know where to find the rest of the numbers.
Requirement 2. Prepare Tiger Electronics' adjusted trial balance as of March 31, 2018. Review the adjusting entries you prepared in Requirement 1. Tiger Electronics Company Adjusted Trial Balance March 31, 2018 Account Title Cash Balance Debit Credit 16,000 35,400 600 46,000 2,600 6,200 134,000 Accounts Receivable Interest Receivable Merchandise Inventory Estimated Returns Inventory Office Supplies Equipment Accumulated DepreciationEquipment Accounts Payable Refunds Payable Salaries Payable Interest Payable Unearned Revenue Notes Payable, long-term Common Stock Retained Earnings Dividends 38,940 15,500 6,500 2,200 1,000 13,500 47,000 48,000 9,700 21,000 Sales Revenue 283,500 600 Interest Revenue Cost of Goods Sold Salaries Expense-Selling Rent Expense_Selling Salaries Expense-Administrative Utilities ExpenseAdministrative Depreciation Expense-Equipment (Administrative) Interest Expense 147,000 24,200 15,100 5,400 10,600 1,340 1,000 $ 466,440 $ 466,440 Total Requirement 3. Prepare Tiger Electronics' multi-step income statement for year ended March 31, 2018. (Enter Selling Expenses before Administrative Expenses. Use a minus sign or parentheses to show other expenses.) Review the adjusted trial balance from Requirement 2. Tiger Electronics Company Income Statement Year Ended March 31, 2018 Net Sales Revenue 283,5001 147.000 136,500 Cost of Goods Sold Gross Profit Operating Expenses: Selling Expenses: Salaries Expense-Selling 24,200 15,100 39,300 Rent Expense-Selling Total Selling Expenses Administrative Expenses: Salaries Expense-Administrative Utilities Expense-Administrative 5,4001 10.600 1,340 Depreciation Expense Equipment (Administrative) Total Administrative Expenses 17,3401 Total Operating Expenses Operating Income Other Income and (Expenses): Interest Revenue Interest Expense Total Other Income and (Expenses) Net Income (Loss)Step by Step Solution
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