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Read the following situation and perform the exercises below. The company Computadors Caribe, after making the adjustments in the month of March, has the following
Read the following situation and perform the exercises below.
The company Computadors Caribe, after making the adjustments in the month of March, has the following balances in the books, which are in the following adjusted trial balance:
1. Prepares the multi-step income statement. 2. Prepares the statement of owner's equity. 3. Prepare the balance sheet.
Computadoras Caribe Adjusted Trial Balance Period ending March 31, 2020
Account title | Ref. | Debit | Credit |
Cash | $17,560 | ||
Account Receivable | 18,065 | ||
Supplies | 60,500 | ||
Building | 180,000 | ||
Acc. Depreciation-Building | $22,000 | ||
Equipment | 45,600 | ||
Acc. Depreciation-Equipment | 5,800 | ||
Account Payable | 29,200 | ||
Salary Payable | 3,500 | ||
Interest Payable | 1,000 | ||
Unearned Sales Revenue | 7,000 | ||
Note Payable, Long Term | 85,000 | ||
J. Ayala, Capital | 180,000 | ||
J. Ayala, Withdrawals | 5,000 | ||
Sales Revenue | 150,000 | ||
Sales Discounts | 6,200 | ||
Sales Return and Allowances | 7,600 | ||
Cost of Goods Sold | 102,000 | ||
Selling Expense | 18,400 | ||
General Expense | 20,075 | ||
Interest Expense | 2,500 | ||
Total | 483,500 | 483,500 |
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