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The company Computadoras Caribe, after making the adjustments in the month of March, has the following balances on the books, which are found in the
The company Computadoras Caribe, after making the adjustments in the month of March, has the following balances on the books, which are found in the following adjusted trial balance:
1.Prepare your multi-step income statement.
2.Prepare the capital statement (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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