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The following is a partial Adjusted Trial Balance for Alpha Company for the month: Alpha Company Adjusted Trial Balance (partial) January 31, 2016 Accounts Debit
The following is a partial Adjusted Trial Balance for Alpha Company for the month:
Alpha Company | ||
Adjusted Trial Balance (partial) | ||
January 31, 2016 |
Accounts | Debit | Credit |
Cost of Goods Sold | $3,200 |
|
Interest Revenue |
| $3,000 |
Sales |
| $10,000 |
Interest Expense | $1,000 |
|
Sales Discounts | 200 |
|
Gain on sale of Equipment |
| $500 |
Sales Returns & Allowances | 1,200 |
Prepare a partial multiple-step income statement to show the computation for gross profit.
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