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Home Q & A Board Other Fields Homework Help Business Accounting
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harra harra
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6 years ago
Please refer to the following trial balance.

   Debit   Credit
Cash   $5,000    
Accounts receivable   14,000    
Inventory   20,000    
Supplies   5,000    
Land   100,000    
Accounts payable      $3,000
Notes payable      25,000
Capital      90,000
Drawing   1,000    
Sales revenues      160,000
Sales returns and allowances   2,000    
Sales discounts   3,000    
Cost of goods sold   80,000    
Salary expense   5,000    
Utility expense   23,000    
Rent expense   18,000    
Interest expense   2,000    
Totals   $278,000    $278,000

Please prepare a multi-step income statement:
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
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HanoiHanoi
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harra Author
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6 years ago
Great answer
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