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Quality Office Systems Adjusted Trial Balance March 31, 2018 Balance Account Title Debit Credit Cash $3,700 Accounts Receivable 13,300 Merchandise Inventory 31,500 Office Supplies 6,300

Quality Office Systems

Adjusted Trial Balance

March 31, 2018

Balance

Account Title

Debit

Credit

Cash

$3,700

Accounts Receivable

13,300

Merchandise Inventory

31,500

Office Supplies

6,300

Equipment

42,900

Accumulated DepreciationEquipment

$13,900

Accounts Payable

9,200

Salaries Payable

800

Notes Payable, long-term

8,600

Mumford, Capital

22,950

Mumford, Withdrawals

41,500

Sales Revenue

235,700

Cost of Goods Sold

107,550

Selling Expense

27,400

Administrative Expense

14,200

Interest Expense

2,800

Total

$291,150

$291,150

Prepare Quality Office's single-step income statement for the year ended March 31, 2018

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