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need a multiple step income statement Trial balance is the summary of all general ledger account balances in the business. Adjusted trial balance is trial
need a multiple step income statement
Trial balance is the summary of all general ledger account balances in the business. Adjusted trial balance is trial balance which is prepared after recording and posting adjusting entries. Required adjusted trial balance is shown below: Credit ($) 1,19 8,30 33,20 Adjusted Trial Balance Account Title Debit ($) Cash -7,400 Accounts Receivables 40,500 Allowance for doubtful accounts Inventory 7,600 Accounts Payable Owner's Capital Note Receivables 5,100 Sales Revenue Cost of goods sold 17,200 Supplies 400 Other Operating Expenses 3,500 Interest Receivable 34 Interest Revenue Bad Debt Expenses 794 Supplies Expenses 1,100 68,828 26,10 3 68,82 Trial balance is the summary of all general ledger account balances in the business. Adjusted trial balance is trial balance which is prepared after recording and posting adjusting entries. Required adjusted trial balance is shown below: Credit ($) 1,19 8,30 33,20 Adjusted Trial Balance Account Title Debit ($) Cash -7,400 Accounts Receivables 40,500 Allowance for doubtful accounts Inventory 7,600 Accounts Payable Owner's Capital Note Receivables 5,100 Sales Revenue Cost of goods sold 17,200 Supplies 400 Other Operating Expenses 3,500 Interest Receivable 34 Interest Revenue Bad Debt Expenses 794 Supplies Expenses 1,100 68,828 26,10 3 68,82 Step by Step Solution
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