Fatima's adjusted Trial Balance as at December 31, 20XX is given below. Account Accounts Receivable Plant...

 

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Fatima's adjusted Trial Balance as at December 31, 20XX is given below. Account Accounts Receivable Plant and machinery Office supplies Sales discount Advertisement expense Prepaid rent Accounts Payable Sales revenue Cost of Goods Sold Owners' capital Owners' drawings Repairs Expense Office Salarics Cash at bank Travelling expense Rent Income Unearned Interest Income Salesmen salaries Totals Dr. $ 2,000 150,000 1,250 500 11,000 2,500 208,994 42,824 1,376 6,250 10,830 8,000 876 446,400 Cr. S 38,750 215,150 190,500 1,200 800 446,400 Using the information in the unadjusted trial balance and the year-end adjustments, prepare: A. Fatima's Classified- Multistep, Income Statement for the year ended Dec. 31 20XX. B. Fatima's Statement of Classified Balance Sheet as at 31 December 20XX. Fatima's adjusted Trial Balance as at December 31, 20XX is given below. Account Accounts Receivable Plant and machinery Office supplies Sales discount Advertisement expense Prepaid rent Accounts Payable Sales revenue Cost of Goods Sold Owners' capital Owners' drawings Repairs Expense Office Salarics Cash at bank Travelling expense Rent Income Unearned Interest Income Salesmen salaries Totals Dr. $ 2,000 150,000 1,250 500 11,000 2,500 208,994 42,824 1,376 6,250 10,830 8,000 876 446,400 Cr. S 38,750 215,150 190,500 1,200 800 446,400 Using the information in the unadjusted trial balance and the year-end adjustments, prepare: A. Fatima's Classified- Multistep, Income Statement for the year ended Dec. 31 20XX. B. Fatima's Statement of Classified Balance Sheet as at 31 December 20XX.

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Fatima Company Multistep Income Statement For the Year Ended December 31 20XX Sales Reven... View the full answer