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Really need some help on this! The answer for the interest expense is NOT 24. It has said that is wrong. I will rate! Many

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Really need some help on this! The answer for the interest expense is NOT 24. It has said that is wrong.

I will rate!

Many thanks and God bless!

S5-10 (similar to Question Help Caitlyn Communications reported the following figures from its adjusted trial balance for its first year of business, which ended on July 31, 2018: (Click the icon to view the accounts and balances.) Prepare Caitlyn Communications's multi-step income statement for the year ended July 31, 2018. (Use a minus sign or parentheses to show other expenses.) Caitlyn Communications Income Statement Year Ended July 31, 2018 Net Sales Revenue $ 28,200 Cost of Goods Sold 18,600 - X Data Table 9,600 Gross Profit Operating Expenses: Administrative Expenses Selling Expenses $ Cash $ 3,500 $ 18,600 3,600 1,000 1,000 Cost of Goods Sold Equipment, net Accrued Liabilities 10,000 4,600 5,100 1,600 Operating Income 5,000 5,524 Selling Expenses Accounts Payable Common Stock Notes Payable, long-term Merchandise Inventory Administrative Expenses Net Sales Revenue Accounts Receivable 28,200 2,900 400 1,200 Interest Expense 24 Interest Expense 3,600 $ 4.976 Net Income (Loss) Print Done Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing Clear All Check

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