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Question list Question 2 Accounts K Bennett reported the following figures from its adjusted trial balance for its first year of business, which ended on
Question list Question 2 Accounts K Bennett reported the following figures from its adjusted trial balance for its first year of business, which ended on July 31, 2023: (Click the icon to view the accounts and balances.) Prepare Bennett's multi-step income statement for the year ended July 31, 2023. (Use a minus sign or parentheses to show other expenses.) Cash Selling Expenses Accounts Payable C. Camilia, Capital Notes Payable, Long-term Inventory Administrative Expenses Cost of Goods Sold Equipment, Net Accrued Liabilities Net Sales Revenue Accounts Receivable Interest Expense $ 3,400
2,000 5,000 3,825 1,500 1,000 3,100 18,800 8,600
1,500 28,800 3,700 25 - X Clear all Check answer
Save Bennett reported the following figures from its adjusted trial balance for its first year of business, which ended on July 31,2023 (Click the icon to view the accounts and balances.) Prepare Bennett's multi-step income statement for the year ended July 31, 2023. (Use a minus sign or parentheses to show other expenses.) \begin{tabular}{lr} Cash & 3,400 \\ Selling Expenses & 2,000 \\ Accounts Payable & 5,000 \\ C. Camilia, Capital & 3,825 \\ Notes Payable, Long-term & 1,500 \\ Inventory & 1,000 \\ Administrative Expenses & 3,100 \\ Cost of Goods Sold & 18,800 \\ Equipment, Net & 8,600 \\ Accrued Liabilities & 1,500 \\ Net Sales Revenue & 28,800 \\ Accounts Receivable & 3,700 \\ Interest Expense & 25 \\ \hline \end{tabular}Step by Step Solution
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