Question: 2. Prepare a multistep income statement, a statement of retained earnings, and a classified balance sheet for Quality Office Systems from the trial balance provided

 2. Prepare a multistep income statement, a statement of retained earnings,

2. Prepare a multistep income statement, a statement of retained earnings, and a classified balance sheet for Quality Office Systems from the trial balance provided in the attached file (see above). Prepare them in good form with proper headings and labels. SYSTEMS Balance 2018 justed March, Balance Debit Account Title Credit $ 3,700 Cash Accounts Receivable 13,300 Merchandise Inventory 31,500 Office Supplies 6,300 Equipment 42,900 Accumulated Depreciation-Equipment 13,900 able Accounts 9,200 Salaries Payable 800 Notes Payable, long-term 8,600 18,000 Common Stock Retained Earnings 4,950 Dividends 41,500 Sales Revenue 235,700 Cost of Goods Sold 107,550 Selling Expense 27,400 Administrative Expense 14,200 Interest Expense 2,800 $291,150 $291,150 Total

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