Question: Current Attempt in Progress Cullumber Department Store is located in midtown Metropolis. During the past several years, net income has been declining because suburban shopping





Current Attempt in Progress Cullumber Department Store is located in midtown Metropolis. During the past several years, net income has been declining because suburban shopping centers have been attracting business away from city areas. At the end of the company's fiscal year on November 30, 2022, these accounts appeared in its adjusted trial balance. Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Cash Common Stock Cost of Goods Sold Freight-Out Equipment Depreciation Expense Dividends Gain on Disposal of Plant Assets Income Tax Expense Insurance Expense Interest Expense $ 18,600 12,000 47,600 5,600 24.500 427,800 4.790 111,550 9.500 8.400 1,400 7,000 6,300 3.500 here to search - Question 2 of 2 -15 8,400 Dividends Gain on Disposal of Plant Assets Income Tax Expense Insurance Expense Interest Expense Inventory Notes Payable Prepaid Insurance Advertising Expense Rent Expense Retained Earnings Salaries and Wages Expense Sales Revenue Salaries and Wages Payable Sales Returns and Allowances Utilities Expense 1,400 7,000 6,300 3,500 18,300 30,450 4,200 23,450 23.800 9,900 83.160 633.800 4.200 13.800 7.300 Additional data: Notes payable are due in 2026. pe here to search Prepare a multiple-step income statement. (List other revenues before other expenses.) CULLUMBER DEPARTMENT STORE Income Statement here to search hp Question 2 of 2 -/5 $ - ere to search ? x 600) ENG 03 Question 2 of 2 -/5 Save for Later Attempts: 0 of 2 used Submit Answer o ere to search e Ax la 40) EN 2
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