Prepare a multiple-step income statement for the month ended January 31, 2023. In the end, Mei-ling decides

  Prepare a multiple-step income statement for the month ended January 31, 2023.

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In the end, Mei-ling decides to use the perpetual inventory system. The adjusted trial balance from January 31, 2023, is shown below. Cash.. Accounts Receivable. Notes Receivable. Inventory.. Supplies. Prepaid Insurance. Equipment... Accumulated Depreciation-Equipment.. Accounts Payable.. Unearned Service Revenue. Interest Payable. Notes Payable....... Share Capital-Ordinary.... Retained Earnings... Dividends Sales Revenue. Interest Revenue. Sales Returns and Allowances. Sales Discounts.. Cost of Goods Sold. Salaries and Wages Expense.. Utilities Expense... Depreciation Expense Insurance Expense... Freight-Out... Interest Expense Instructions MATCHA CREATIONS Adjusted Trial Balance January 31, 2023 Debit NT$ 2,059 500 300 1,785 350 1,000 1,000 500 250 300 2,975 160 70 20 110 75 10 NT$11.464 Credit NTS 60 90 210 25 2,000 1,800 1,529 5,720 30 NT$11.464 In the end, Mei-ling decides to use the perpetual inventory system. The adjusted trial balance from January 31, 2023, is shown below. Cash.. Accounts Receivable. Notes Receivable. Inventory.. Supplies. Prepaid Insurance. Equipment... Accumulated Depreciation-Equipment.. Accounts Payable.. Unearned Service Revenue. Interest Payable. Notes Payable....... Share Capital-Ordinary.... Retained Earnings... Dividends Sales Revenue. Interest Revenue. Sales Returns and Allowances. Sales Discounts.. Cost of Goods Sold. Salaries and Wages Expense.. Utilities Expense... Depreciation Expense Insurance Expense... Freight-Out... Interest Expense Instructions MATCHA CREATIONS Adjusted Trial Balance January 31, 2023 Debit NT$ 2,059 500 300 1,785 350 1,000 1,000 500 250 300 2,975 160 70 20 110 75 10 NT$11.464 Credit NTS 60 90 210 25 2,000 1,800 1,529 5,720 30 NT$11.464

Answer rating: 100% (QA)

MATCHA CREATIONS Income Statement For the Month Ended January 31 2023 Sales RevenueNT 5720 Less Sale... View the full answer