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The following is a partial trial balance for the Green Star Corporation as of December 31, 2024: Account Title Debits Credits Sales revenue $ 1,750,000
The following is a partial trial balance for the Green Star Corporation as of December 31, 2024:
Account Title | Debits | Credits |
---|---|---|
Sales revenue | $ 1,750,000 | |
Interest revenue | 42,000 | |
Gain on sale of investments | 62,000 | |
Cost of goods sold | $ 810,000 | |
Selling expenses | 220,000 | |
General and administrative expenses | 87,000 | |
Interest expense | 52,000 | |
Income tax expense | 142,000 |
Required:
- Prepare a single-step income statement by inserting the amounts above into the appropriate section.
- Prepare a multiple-step income statement by inserting the amounts above into the appropriate section.
Prebare a sinale-steo income statement bv insertina the amounts above into the appropriate section. Prepare a multiple-step income statement by inserting the amounts above into the appropriate
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