Question: Multiple Step Income Statement ( 2 5 points ) Truko , Inc. provided the following partial trial balance for the year ended December 3 1
Multiple Step Income Statement pointsTruko Inc. provided the following partial trial balance for the year ended December Prepare a multistep income statemernt for the year ended December Truko is subject to a income tax rate.AccountsDividendsSalesDividend IncomeInterest IncomeGain on Disposal of Plant AssetsExtraordinary GainCost of Goods SoldOffice Supplies ExpenseSales Salaries ExpenseSales CommissionsAccounting and Legal FeesGeneral ExpenseAdvertising ExpenseInterest ExpenseOffice Salaries ExpenseAdmin. ExpenseDepreciation ExpenseGeneral ExpensePartial Trial Balance Selected AccountsFor the year ended December Loss on Discontinued OperationClassified Balance Sheet pointsAccountsAccounts PayableAccounts ReceivableAccumulated Depreciation BuildingsAccumulated Depreciation Machinery and EquipmentAdditional Paid in CapitalCommon StocksAllowance for Doubtful AccountsBuildingsCash Funds for Stock RedemptionCash in banksCash on handClaim for Income Tax RefundCommon Stocks, Sl parEmployee's Income Taxes WithheldIncome Taxes PayableInterest ReceivableInterest PayableTruko, Inc.Merchandise InventoryInvestment Securities tradingBelow is a list of account titles and balances for Zaldo Investment Corporation as of December LandInvestment in Property for speculationMachinery and EquipmentSuppliesNotes Payable currentNotes Payable due in Notes Receivable currentPreferred Stocks, $ parPrepaid InsuranceRetained Earnings debit balanceSalaries and Wages PayableInstructions:Debit$CreditPrepare a properly classified balance sheet as of December $BalanceS
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