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please help with the income statement (e1) Prepare an income statement for December. ORIOLE DISTRIBUTING COMPANY Income Statement $ $ $ Adjusted Trial Balance December
please help with the income statement
(e1) Prepare an income statement for December. ORIOLE DISTRIBUTING COMPANY Income Statement $ $ $ Adjusted Trial Balance December 31, 2025 Debit Cash Accounts Receivable Inventory Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Income Taxes Payable Common Stock Retained Earnings Sales Revenue Sales Discounts Cost of Goods Sold Salaries and Wages Expense Depreciation Expense Supplies Expense Income Tax Expense Total 2100 7564 1700 Credit 15000 23100 15900 $ $ \begin{tabular}{lr|r} \multicolumn{3}{c}{ Sales Discounts } \\ \hline 12/27 & 306 & \\ \hline 12/31 Bal. & 306 & \\ & \multicolumn{2}{c}{ Cost of Goods Sold } \\ \hline 12/10 & 3,800 & \\ 12/18 & 6,700 & \\ \hline 12/31 Bal. & 10,500 & \end{tabular} \begin{tabular}{l|lr} \multicolumn{4}{c}{ Sales Revenue } \\ \hline & 12/10 & 5,700 \\ & 12/18 & 10,200 \\ \hline & 12/31Bal. & 15,900 \end{tabular} Post the above adjusting entries. (Post entries in the order of journal entries presented above.)Step by Step Solution
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