Question
The following adjusted trial balance for Bell Servicing was prepared at the end of the fiscal year, December 31, 2023: Debit $ 7,300 15,500 9,300
The following adjusted trial balance for Bell Servicing was prepared at the end of the fiscal year, December 31, 2023: Debit $ 7,300 15,500 9,300 3,300 50, 300 Account 101 Cash 119 Merchandise inventory 125 Supplies 128 Prepaid insurance 165 Store equipment 166 Accumulated depreciation, store equipment 167 Office equipment 168 Accumulated depreciation, office equipment 201 301 302 413 415 505 612 613 622 623 637 638 640 641 651 652 655 Accounts payable Jonah Bell, capital Jonah Bell, withdrawals Sales Sales discounts Cost of goods sold Depreciation expense, store equipment Depreciation expense, office equipment Sales salaries expense Office salaries expense Insurance expense, store Insurance expense, office Rent expense, office space Rent expense, selling space Office supplies expense Store supplies expense Advertising expense Totals 68,300 BELL SERVICING Income Statement. 40,300 1,300 74,100 4,500 3,100 Credit $ 46,100 33,500 15,300 25,080 284,800 45,300 31,300 1,300 1,250 12,300 16,300 1,130 1,700 16,900 $404,780 $404,780 Required: 1. Prepare a classified multiple-step income statement that would be used by the business's owner.
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