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The following amounts appeared on Plymouth Electronics adjusted trial balance as of December 31, 2023. Debit Credit Merchandise inventory $ 19,900 Other assets 491,785 Liabilities
The following amounts appeared on Plymouth Electronics adjusted trial balance as of December 31, 2023. Debit Credit Merchandise inventory $ 19,900 Other assets 491,785 Liabilities $ 316,370 Celine Plymouth, capital 250,025 Celine Plymouth, withdrawals 67,400 Sales 946,000 Sales discounts 14,980 Sales returns and allowances 6,115 Interest income 760 Cost of goods sold 721,000 Sales salaries expense 79,600 Office salaries expense 56,900 Rent expense, selling space 33,400 Rent expense, office space 3,400 Store supplies expense 1,660 Office supplies expense 755 Depreciation expense, store equipment 9,310 Depreciation expense, office equipment 3,160 Insurance expense 3,790 Totals $ 1,513,155 $ 1,513,155 Required: 1. Prepare a 2023 classified multiple-step income statement for Plymouth Electronics
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