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The following information was taken from the accounts of Green Market, a small grocery store, at December 31 Year 2. The accounts are listed in
The following information was taken from the accounts of Green Market, a small grocery store, at December 31 Year 2. The accounts are listed in alphabetical order, and all have normal balances. $ 614 414 200 Accounts payable Accounts receivable Advertising expense Cash Common stock Cost of goods sold Interest expense Merchandise inventory Prepaid rent Retained earnings, 1/1/Year 2 Sales revenue Salaries expense Rent expense Gain on sale of land 214 700 56 310 54 649 1.140 100 Required Prepare an income statement for the year using the single-step and multistep approach Amounts to be deducted and losses should be indicated with a minus sign. ) Single-step GREEN MARKET Income Statement I Next > 2 et 3
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