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The adjusted trial balance of Grouper Wholesale Inc. contained the following accounts at December 31, the company's year end: GROUPER WHOLESALE INC. Adjusted Trial Balance
The adjusted trial balance of Grouper Wholesale Inc. contained the following accounts at December 31, the company's year end: GROUPER WHOLESALE INC. Adjusted Trial Balance December 31, 2021 Debit Credit Cash $11,620 Accounts receivable 18,BBO Prepaid insurance 2,320 Inventory 100,400 Supplies 6,180 Land 123,360 Buildings 210,240 Accumulated depreciation-buildings $89,330 Equipment 91.630 Accumulated depreciation-equipment 32.000 Accounts payable 53,920 Deferred revenue 9,240 Refund liability 4,480 Income tax payable 3,360 Bank loan payable 94,240 Common shares 48,630 Retained earnings 136,660 Sales 1,018,940 Cost of goods sold 773,950 Administrative expenses 84,970 Selling expenses 40,400 Interest expense 11,880 Interest income 2,310 Income tax expense 16,480 $1.492.560 $1,492,560 (b) Prepare a multiple-step statement of income. GROUPER WHOLESALE INC. Statement of Income (Multiple-step) List of Accounts Save for Later Attempts: 0 of 1 used Submit
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