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The trial balance of Kosio Company at December 31, 20XX, the end of the company's fiscal year is shown on the worksheet: Adjustment data: 1.

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The trial balance of Kosio Company at December 31, 20XX, the end of the company's fiscal year is shown on the worksheet: Adjustment data: 1. Supplies on hand total $2,500. 2. Depreciation is $7,000 on buildings and $3,000 on equipment. 3. Interest of $2,000 is due and unpaid on notes payable at December 31. 4. Inventory on December 31 is $22,000. Instructions: 1. Complete the worksheet. 2. Prepare multiple-step income statement for the period ended December 31, 20XX. 3. Prepare a classified statement of financial position as of December 31, 20XX. Kosio Company Worksheet (Partial) For the Year Ended December 31, 20XX Account Title Trial Balance Adjusted Trial Adjustments Balance Dr. Cr. Dr. Cr. Dr. Cr. Cash $97,500 Accounts Receivable 35,200 Inventory 22,500 Supplies 9,000 Land 90,000 Buildings 120,000 Accumulated Depreciation - $18,000 Buildings Equipment 80,000 Accumulated Depreciation - 16,000 Equipment Notes Payable Accounts Payable 18,000 Share Capital - Ordinary 250,000 Retained Earnings 110,000 Dividends 5,000 Sales Revenue 156,000 Sales Return & Allowances 10,000 Sales Discount 6,000 Cost of Goods Sold 89,500 Freight-out 2,500 Salaries and Wages Expense 11,000 Advertising Expense 6,000 Rent Expense 7,000 Utilities Expense 1.800 Total $593.000 5593.000 25,000 2. Multiple-step Income Statement Kosio Company Multiple-step Income Statement For the year ended December 31, 20XX 3. Statement of Financial Position Kosio Company Statement of Financial Position December 31, 20XX

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