Budget Office Systems uses a perpetual inventory system. The adjusted trial balance of Budget Office Systems...

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Budget Office Systems uses a perpetual inventory system. The adjusted trial balance of Budget Office Systems at March 31, 2025, follows: View the adjusted trial balance. Prepare Budget Office Systems' single-step income statement for the year ended March 31, 2025. Net Income (Loss) Budget Office Systems Income Statement Year Ended March 31, 2025 Adjusted Trial Balance Adjusted Trial Balance March 31, 2025 Balance Account Title Cash Accounts Receivable Merchandise Inventory Supplies Equipment Debit Credit $ 2,400 13,100 30,500 6,500 42,000 Accumulated Depreciation-Equipment Accounts Payable 13,800 6,500 Salaries Payable 600 Notes Payable, long-term 7,600 Common Stock 12,000 Retained Earnings 7,700 Dividends 45,000 Sales Revenue 230,000 Sales Returns and Allowances 2,200 Sales Discounts 600 Print Done = X Budget Office Systems uses a perpetual inventory system. The adjusted trial balance of Budget Office Systems at March 31, 2025, follows: View the adjusted trial balance. Prepare Budget Office Systems' single-step income statement for the year ended March 31, 2025. Net Income (Loss) Budget Office Systems Income Statement Year Ended March 31, 2025 Adjusted Trial Balance Adjusted Trial Balance March 31, 2025 Balance Account Title Cash Accounts Receivable Merchandise Inventory Supplies Equipment Debit Credit $ 2,400 13,100 30,500 6,500 42,000 Accumulated Depreciation-Equipment Accounts Payable 13,800 6,500 Salaries Payable 600 Notes Payable, long-term 7,600 Common Stock 12,000 Retained Earnings 7,700 Dividends 45,000 Sales Revenue 230,000 Sales Returns and Allowances 2,200 Sales Discounts 600 Print Done = X