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Question 4 The adjusted trial balance of Flint Wholesale Inc. contained the following accounts at December 31, the company's year end: FLINT WHOLESALE INC. Adjusted

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Question 4 The adjusted trial balance of Flint Wholesale Inc. contained the following accounts at December 31, the company's year end: FLINT WHOLESALE INC. Adjusted Trial Balance December 31, 2018 Credit Debit $11,300 Cash 20,600 Accounts receivable 2,200 Prepaid insurance 104,700 Inventory 6,500 Supplies 127,300 Land 218,000 Buildings $93,600 Accumulated depreciation-buildings 94,800 Equipment 34,800 Accumulated depreciation-equipment 60,100 Accounts payable 9,300 Unearned revenue 3,400 Income tax payable 98,300 Bank loan payable 45,000 Common shares 136,300 Retained earnings 1,108,300 Sales 23 700 Salee ratiurne and allnwancoe Accumulated depreciation-bulaings MENT RCES 94,800 Equipment Accumulated depreciation-equipment er 13: 191 34,800 astion 1 estion 2 estion 3 estion 4 60,100 Accounts payable 9,300 Unearned revenue 3,400 Income tax payable 98,300 Bank loan payable ew Score ew Results by dy Objective 45,000 Common shares Retained earnings 136,300 1,108,300 Sales Sales returns and allowances 23,700 Sales discounts 13,400 Cost of goods sold s08,400 Administrative expenses 88,200 Selling expenses 42,300 Interest expense 12,700 Interest revenue 2,400 Income tax expense 17,400 $1,591,500 $1,591,500 Prepare a single-step income statement. FLINT WHOLESALE INC Income Statement (Single-step) $ $ A >

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