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please answer fast Question 2 (11 points) Saved Following is some selected data of Madura Company from the May 31, 2021 adjusted trial balance. All
please answer fast
Question 2 (11 points) Saved Following is some selected data of Madura Company from the May 31, 2021 adjusted trial balance. All accounts have a normal balance. Madura Company is a merchandising operation that uses a periodic inventory system. Accounts Payable Accounts Receivable Chloe Madura Capital Chloe Madura, Withdrawals Interest Revenue Merchandise inventory Operating expenses Purchases Purchases discounts Purchases returns & allowances Sales Store Equipment Store Supplies Transportation in 840 325 4,800 600 75 2,500 6,100 9.900 360 840 30,000 5.000 125 600 A physical count on May 31, 2021 revealed a merchandise inventory balance of $1,600 Required: Prepare a partial multi-step income statement in good form, up to gross profit, for the year ended May 31, 2021 ST-19 -LStep by Step Solution
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