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prepare a multi step income statement Carla Vista Department Store is located in midtown Metropolis. During the past several years, net income has been declining
prepare a multi step income statement
Carla Vista Department Store is located in midtown Metropolis. During the past several years, net income has been declining because Suburbsan shopping centers have been attracting business away from city areas. At the end of the company's fiscal year on November 30,2022, these accounts appeared in its adjusted trial balance $ 34,200 Accounts Payable Accounts Receiver 22 200 Accumulated Depreciation Equipment 88.400 Cash 10.400 Common Stock 45.500 Cost of Goods Sold 293.500 Freight-Out 8,630 Equiment 206850 Depreciation Expense 17.900 Dividends La 300 Gain on Disposal of Asia Gain on Disposal of Plant Assets 2,600 Income Tax Expense 13,000 Insurance Expense 11.700 Interest Expense 6.500 Inventory 33.900 Notes Payable 56,550 Prepaid Insurance 7,800 Advertising Expense 43.550 Rent Expense 200 Retained Earning 18.300 Salaries and Wages Expense 154320 Sal Revenue 1.176.000 Salaries and Wages Payable 7-800 Sales Returns and Allowances 2000 Advertising Expense her yo 43,550 . Rent Expense 44,200 Retained Earnings 18,300 Salaries and Wages Expense 154,320 Sales Revenue 1.176.000 Salaries and Wages Payable 7.800 Sales Returns and Allowances 26,000 Utilities Expense 13.300 Additional data: Notes payable are due in 2026, Question 3 of 3 Enter your search term (a 1) Prepare a multiple-step income statement. (List other revenues before other expenses.) CARLA VISTA DEPARTMENT STORE Income Statement For the Year Ended November 30, 2022 $ GO to search o # 53F -/4 E Step by Step Solution
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