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Make a multiple-step income statement based on the following (Do not use all items): Adjusted Trial Balance Account Name Debit Credit Cash 13,400 Accounts receivable
Make a multiple-step income statement based on the following (Do not use all items): Adjusted Trial Balance Account Name Debit Credit Cash 13,400 Accounts receivable 19,000 Supplies 900 Prepaid insurance 825 Office furniture 30,000 8,250 Acc depr, office furniture 6,000 Office equipment 2,900 Acc depr, office equipmt 4,600 Accounts payable 2,300 Salaries payable 11.400 Unearned revenue Salaries payable Unearned revenue 2,300 Common stock 11,400 15,000 Retained earnings- beginning 23,500 Dividends 2,000 Sales revenue 62,500 Sales Returns and Allowances 5,000 Sales Discounts 950 Cost of Goods Sold 39,600 Interest Expense 1,900 Salaries Expense 9,700 Depreciation Expense 2,050 Income Tax Expense 1,625 2,500 Interest Revenue
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