Terry Tighe Theater Company

Adjusted Trial Balance

June $30,2016$

Balance

Account Title Debit Credit

Cash $$4,000$

Accounts Receivable $38,100$

Merchandise Inventory $18,100$

Office Supplies $500$

Furniture $40,200$

Accumulated Depreciation$$Furniture $$8,700$

Accounts Payable $13,300$

Salaries Payable $1,300$

Unearned Revenue $6,500$

Notes Payable, long$-$term $13,500$

Tighe, Capital $29,500$

Tighe, Withdrawals $42,600$

Sales Revenue $190,000$

Sales Returns and Allowances $2,500$

Sales Discounts $3,000$

Cost of Goods Sold $76,000$

Selling Expense $19,100$

Administrative Expense $17,500$

Interest Expense $1,200$

Total $$262,800$ $$262,800$zwork: Homework $4$

Question $3,$ P$5-33$A $($similar to$)$

HW Score: $0\%,0$ of $3$ points

Part $1$ of $6$

Points: $0$ of $1$

Terry Tighe Theater Company uses a perpetual inventory system. The adjusted trial balance of Terry Tighe Theater Company at June $30,2016,$ follows:

$(...)$

Kequirement $1.$ Hrepare lerry ligne's mult$-$step income statement for the year ended June $3$U$,2$U$16.($Use a minus sign or parentheses to show other expenses.$)$

Terry Tighe Theater Company Income Statement

Year Ended June $30,2016$

Net Income $($Loss$)$

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