Based on the trial balance for a merchandise company - Access Ltd. below, prepare a multi-step...

  

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Based on the trial balance for a merchandise company - Access Ltd. below, prepare a multi-step income statement, statement of Owners Equity and a Classified Balance Sheet for year-end Dec. 31. You can use excel or complete on paper Cash Accounts Receivable Prepaid Insurance Equipment Accum. Depreciation Accounts Payable Unearned Rent Revenue Long-term Notes Payable Bonds Payable Access Ltd, Capital Access Ltd, Withdrawals Sales Sales returns Cost of Goods Sold Interest Income Depreciation Expense Salaries Expense Utility Expense Interest Expense Rent Expense Total Debit 62,270 2,100 5,000 - 13,700 6,000 Credit 2,500 25,400 2,060 680 3,500 10,000 25,000 28,640 70,380 3,520 380 11,500 5,630 2,800 6,500 143,780 143,780 Based on the trial balance for a merchandise company - Access Ltd. below, prepare a multi-step income statement, statement of Owners Equity and a Classified Balance Sheet for year-end Dec. 31. You can use excel or complete on paper Cash Accounts Receivable Prepaid Insurance Equipment Accum. Depreciation Accounts Payable Unearned Rent Revenue Long-term Notes Payable Bonds Payable Access Ltd, Capital Access Ltd, Withdrawals Sales Sales returns Cost of Goods Sold Interest Income Depreciation Expense Salaries Expense Utility Expense Interest Expense Rent Expense Total Debit 62,270 2,100 5,000 - 13,700 6,000 Credit 2,500 25,400 2,060 680 3,500 10,000 25,000 28,640 70,380 3,520 380 11,500 5,630 2,800 6,500 143,780 143,780

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The image provided shows a trial balance for a merchandise company A trial balance is a bookkeeping worksheet in which the balances of all ledgers are ... View the full answer