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The company Computadoras Caribe, after making the adjustments in March, has the following balances on the books, which are found in the following adjusted trial

The company Computadoras Caribe, after making the adjustments in March, has the following balances on the books, which are found in the following adjusted trial balance:

Prepare a multi-step income statement. Prepare the capital statement (statement of owner's equity). 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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