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prepare a multiple-step income statement in good form. Adjusted Trial Balance, December 31 Debit Credit $9,400 25,000 36,000 900 75,000 Cash Accounts receivable Merchandise inventory
prepare a multiple-step income statement in good form. Adjusted Trial Balance, December 31 Debit Credit $9,400 25,000 36,000 900 75,000 Cash Accounts receivable Merchandise inventory Office supplies Store equipment Accumulated depreciation-store equipment Office equipment Accumulated depreciation-office equipment Accounts payable Notes payable A. Sharper, Capital A. Sharper, Withdrawals Sales Sales discounts Sales returns and ailowances Cost of goods sold Selling expenses General and administrative expenses Interest expense Totals $22,000 60,000 15,000 42,000 10,000 110,700 48,000 325,000 6,000 16,500 195,000 32,500 19,800 600 $524.700 $524 700 Income Statement as of 12/31 Page 6
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