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Requirement 3. Prepare Tiger Electronics'Tiger Electronics' multi-step income statement for year ended March 31 comma 2018March 31, 2018. (Enter Selling Expenses before Administrative Expenses. U
Requirement 3. Prepare Tiger Electronics'Tiger Electronics' multi-step income statement for year ended
March 31 comma 2018March 31, 2018.
(Enter Selling Expenses before Administrative Expenses. Use a minus sign or parentheses to show other expenses.)
Tiger Electronics Company Adjusted Trial Balance March 31, 2018 Balance Account Title Debit Credit Cash 15,000 Accounts Receivable 35,400 Interest Receivable 350 Merchandise Inventory 45.700 Estimated Returns Inventory 800 Office Supplies 6,100 Equipment 132,500 Accumulated Depreciation-Equipment 38,925 Accounts Payable 15,600 Refunds Payable 4.000 Salaries Payable 3,100 Interest Payable 1,200 Uneaned Revenue 13,900 Notes Payable, long-term 44,000 Common Stock 50,000 Retained Earnings 3.150 Dividends 23,000 Sales Revenue 294,000 Interest Revenue 350 Cost of Goods Sold 148,650 Salaries Expense-Selling 27.100 Rent Expense--Selling 15,500 Salaries Expense-Administrative 5,000 Utilities Expense-Administrative 10,600 Depreciation Expense-Equipment (Administrative) 1,325 1,200 Interest Expense 468,225 $ 468,225 Total Requirement 3. Prepare Tiger Electronics' multi-step income statement for year ended March 31, 2018. (Enter Selling Expenses before Administrative Expenses. Use a minus sign or parentheses to show other expenses.) Review the adjusted trial balance from Requirement2 Tiger Electronics Company Income Statement Year Ended March 31, 2018 Net Sales Revenue Cost of Gaods Sold Gross Profit Operating Expenses: Selling Expenses Choose trom any st or enter any number the input fields and then click Check AnswenStep by Step Solution
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