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Quality Business Systems Adjusted Trial Balance March 31, 2018 Balance Account Title Debit Credit Cash 4,500 Accounts Receivable 13,100 31,900 6,700 42,300 $ 13,700 Merchandise

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Quality Business Systems Adjusted Trial Balance March 31, 2018 Balance Account Title Debit Credit Cash 4,500 Accounts Receivable 13,100 31,900 6,700 42,300 $ 13,700 Merchandise Inventory Office Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Notes Payable, long-term Morton, Capital 9,300 1,200 8,200 22,750 Morton, Withdrawals 43,000 Sales Revenue 237,000 Print Done Cash $ 4,500 Accounts Receivable 13,100 31,900 6,700 42,300 $ 13,700 Merchandise Inventory Office Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Notes Payable, long-term Morton, Capital 9,300 1,200 8,200 22,750 Morton, Withdrawals 43,000 Sales Revenue 237,000 Cost of Goods Sold 106,650 27,700 Selling Expense Administrative Expense 14,300 2,000 Interest Expense $ 292,150 $ 292,150 Total Quality Business Systems uses a perpetual inventory system. The adjusted trial balance of Quality Business Systems at March 31, 2018, follows: EClick the icon to view the adjusted trial balance.) Prepare Quality's multi-step income statement for the year ended March 31, 2018. (Use a minus sign or parentheses to show other expenses.) Quality Business Systems Income Statement Year Ended March 31, 2018 Net Income (Loss)

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