Marshals Trial Balance For the year ended March 31, 2020 Accounts payable $3000 Accounts receivable 7,500...

 

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Marshals Trial Balance For the year ended March 31, 2020 Accounts payable $3000 Accounts receivable 7,500 Accumulated amortization, equipment 8,000 Advertising expense 3,500 Sales Discounts 300 Cash 1,300 Cost of goods sold Equipment 75,000 76,110 Insurance expense 250 Interest expense 40 Jen Duncan, capital 32,300 Jen Duncan, withdrawals 1,100 Inventory 2,200 Notes payable 6,000 Rent expense 160 Rent payable Salaries expense 120 120 Sales 120,000 Sales returns and allowances 1,500 Supplies Supplies expense 300 40 Prepare a multiple-step income statement in good form for Marshals. Marshals Trial Balance For the year ended March 31, 2020 Accounts payable $3000 Accounts receivable 7,500 Accumulated amortization, equipment 8,000 Advertising expense 3,500 Sales Discounts 300 Cash 1,300 Cost of goods sold Equipment 75,000 76,110 Insurance expense 250 Interest expense 40 Jen Duncan, capital 32,300 Jen Duncan, withdrawals 1,100 Inventory 2,200 Notes payable 6,000 Rent expense 160 Rent payable Salaries expense 120 120 Sales 120,000 Sales returns and allowances 1,500 Supplies Supplies expense 300 40 Prepare a multiple-step income statement in good form for Marshals.

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MARSHALS Multi Step Income Statement For the period March 312020 Gross Sales Revenue 120000 ... View the full answer