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QUESTION The following partial trail balance of Alothaim trading company for the year 2020: Account Title Debits Credits Sales Revenue 1,127,000 Rental Revenue 49,000 Loss
QUESTION The following partial trail balance of Alothaim trading company for the year 2020: Account Title Debits Credits Sales Revenue 1,127,000 Rental Revenue 49,000 Loss on sale investment 19,600 Salaries expense 88,200 Utilities expense 10,780 Advertisement expense 29,400 Interest expense 8,820 Rent expense 39,200 Cost of goods sold 343,000 88,200 Depreciation expense Unrealized gain from the fair value of investment Loss from disposing one branch of the company 176,400 137,200 REQUIRED: Prepare the Multiple steps Income statement and comprehensive income statement. The income tax is 15%
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