Question
The Caribe Computers company, after making the adjustments in March, has the following balances in the books, which are found in the following adjusted trial
The Caribe Computers company, after making the adjustments in March, has the following balances in the books, which are found in the following adjusted trial balance:
1. Prepare the multi-step income statement.
2. Prepare 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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