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Prepare an Income Statement from an Adjusted Trial Balance The Century Company's adjusted trial balance contains the following balances as of December 31: Retained Earnings
Prepare an Income Statement from an Adjusted Trial Balance The Century Company's adjusted trial balance contains the following balances as of December 31: Retained Earnings $38,250 Cost of Goods Sold Dividends $36,000 9,000 Selling and Administrative Expenses 13,500 Sales 90,000 Interest Expense 6,750 Prepare an income statement for the year. (Put expenses in order of magnitude (largest to smallest).) Less: Check CENTURY COMPANY Income Statement For Year Ended December 31 4 AP 4 4 A 0 OOO 0 0 0 0 4 $ 0
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