After you have read and understood the learning resources in this module, work through the following exercises using Chapter 6, "Accounting for Merchandising Businesses," from the textbook.

Read the following situation and do the exercises below.

The company Computadoras Caribe, after making the adjustments in March, has the following balances on the books, which are found in the following adjusted trial balance:

1.how would a multi-step income statement look.

2.how would the capital statement look (statement of owner's equity) .

3.how would the balance sheet look.

reference: Warren, C. S., Jonick, C. A., & Schneider, J. S. (2021).Accounting(28.aed.). Cengage Learning. chapter 6Accounting for Merchandising Businesses

Computadoras Caribe Adjusted Trial Balance Period ending March 31, 2020 Account title Ref. Debit Credit Cash $17,560 Account Receivable 18,065 Supplies 60,500 Building 180,000 Acc. Depreciation- Building $22,000 Equipment 45,600 Acc. Depreciation- 5,800 Equipment Account Payable 29,200 Salary Payable 3,500 Interest Payable 1,000 Unearned Sales 7,000 Revenue Note Payable, Long Term 85,000 J. Ayala, Capital 180,000 J. Ayala, Withdrawals 5,000 Sales Revenue 150,000 Sales Discounts 6,200 Sales Return and 7,600 Allowances Cost of Goods Sold 102,000 Selling Expense 18,400 General Expense 20,075 Interest Expense 2,500 Total 483,500 483,500