Part E: Multi-step income statement

Mandys Metal Fabrication Co.

Trial Balance

April 30, 2019

Account Titles	Debit	Credit
Cash	$38,500
Supplies	2,200
Equipment	13,500
Accumulated Depreciation - Equipment		$2,000
Accounts Receivable	13,500
Accounts Payable		8,200
Capital		27,200
Withdrawals	500
Revenue		220,000
Sales discounts	12,500
Sales Returns and Allowances	10,000
Cost of Goods Sold	140,000
Rent Expense	6,500
Utilities Expense	2,200
Salaries Expense	15,000
Advertising Expense	1,200
Depreciation Expense	1,800
	$257,400	$257,400

• From the information provided above, create a multi-step income statement.