Question: Prepare a multiple step Income Statement for the year ending December 31, 2022 ( This is the question part, it's not missing) ORIOLE CORPORATION Income

Prepare a multiple step Income Statement for the year ending December 31, 2022 (This is the question part, it's not missing)

ORIOLE CORPORATION Income Statement choose the accounting period For the Year Ended December 31, 2022December 31, 2022For the Month Ended December 31, 2022

enter an income statement item

$enter a dollar amount

enter an income statement item

enter a dollar amount

select a summarizing line for the first part Cash DividendsGross Profit / (Loss)Income From OperationsIncome Before Income TaxesNet Income / (Loss)Net SalesOperating ExpensesOther Expenses and LossesOther Revenues and GainsRetained Earnings, January 1Retained Earnings, December 31Total Operating ExpensesTotal Revenues

enter a total amount for the first part

select an opening name for section one Cash DividendsGross Profit / (Loss)Income From OperationsIncome Before Income TaxesNet Income / (Loss)Net SalesOperating ExpensesOther Expenses and LossesOther Revenues and GainsRetained Earnings, January 1Retained Earnings, December 31Total Operating ExpensesTotal Revenues

enter an income statement item

$enter a dollar amount

enter an income statement item

enter a dollar amount

enter an income statement item

enter a dollar amount

enter an income statement item

enter a dollar amount

select a closing name for section one Cash DividendsGross Profit / (Loss)Income From OperationsIncome Before Income TaxesNet Income / (Loss)Net SalesOperating ExpensesOther Expenses and LossesOther Revenues and GainsRetained Earnings, January 1Retained Earnings, December 31Total Operating ExpensesTotal Revenues

enter a total amount for section one

select a summarizing line for the second part Cash DividendsGross Profit / (Loss)Income From OperationsIncome Before Income TaxesNet Income / (Loss)Net SalesOperating ExpensesOther Expenses and LossesOther Revenues and GainsRetained Earnings, January 1Retained Earnings, December 31Total Operating ExpensesTotal Revenues

enter a total amount for the second part

select an opening name for section two Cash DividendsGross Profit / (Loss)Income From OperationsIncome Before Income TaxesNet Income / (Loss)Net SalesOperating ExpensesOther Expenses and LossesOther Revenues and GainsRetained Earnings, January 1Retained Earnings, December 31Total Operating ExpensesTotal Revenues

enter an income statement item

enter a dollar amount

select an opening name for section three Cash DividendsGross Profit / (Loss)Income From OperationsIncome Before Income TaxesNet Income / (Loss)Net SalesOperating ExpensesOther Expenses and LossesOther Revenues and GainsRetained Earnings, January 1Retained Earnings, December 31Total Operating ExpensesTotal Revenues

enter an income statement item

enter a dollar amount

enter a subtotal of the two previous amounts

select a closing name for this statement Cash DividendsGross Profit / (Loss)Income From OperationsIncome Before Income TaxesNet Income / (Loss)Net SalesOperating ExpensesOther Expenses and LossesOther Revenues and GainsRetained Earnings, January 1Retained Earnings, December 31Total Operating ExpensesTotal Revenues

$enter a total net income or loss amount

6 0 Accounts Cash Accounts Receivable Inventory Land Buildings Equipment Allowance for Doubtful Accounts Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Accounts Payable Interest Payable Dividends Payable Unearned Rent Revenue Bonds Payable (10%) Preferred Stock ($20 par) Paid-in Capital in Excess of Par-Preferred Stock Common Stock ($10 par) Paid-in Capital in Excess of Par-Common Stock Retained Earnings Treasury Stock Cash Dividends Sales Revenue Rent Revenue Bad Debt Expense Interest Expense Cost of Goods Sold Depreciation Expense Other Operating Expenses Salaries and Wages Expense Total Oriole Corporation At 31 December 2022 Before Entries Effect of entries Final Trial Balance Debit Credit Entry No. Debit Credit Debit Credit $22,440 1,2,3 $ 39,600 $ 12,936 $ 49,104 44,880 $ 44,880 19,976 $ 19,976 57,200 $ 57,200 83,600 $ 83,600 35,200 $ 35,200 $396 5 $ 4,092 $ 4,488 26,400 $ 2,640 $ 29,040 12,6721 7 $ 3,168 $ 15,840 16,984 $ 16,984 9 $ 4,400 $ 4,400 0 4 $ 6,336 $ 6,336 7,0401 8 $ 1,760 $ 5,280 44,000 $ 44,000 1 $ 17,600 $ 17,600 0 1 $ 1,760 $ 1,760 26,400 2 $ 8,800 $ 35,200 5,2801 2 $ 11,440 $ 16,720 66,044 $ 66,044 0 3 $ 12,936 $ 12,936 0 4 $ 6,336 $ 6,336 501,600 $501,600 0 8 $ 1,760 $ 1,760 0 5 $ 4,092 $ 4,092 0 9 $ 4,400 $ 4,400 352,000 $352,000 0 6,7 $ 5,808 $ 5,808 34,320 $ 34,320 57,200 $ 57,200 $706,816 $706,816 $ 74,932 $ 74,932 $ 767,052 $ 767,052 0 1

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!