Question
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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