Question: Quality Office Systems uses a perpetual inventory system. The adjusted trial balance of Quality Office Systems at March 31, 2018, follows: Prepare Quality Office's single-step

Quality Office Systems uses a perpetual inventory system. The adjusted trial balance of Quality Office Systems at March 31, 2018, follows:

Prepare Quality Office's single-step income statement for the year ended March 31, 2018.Quality Office Systems uses a perpetual inventory system. The adjusted trial balanceof Quality Office Systems at March 31, 2018, follows: Prepare Quality Office's

dla table Quality Office Systems uses a perpetual inventory system. The adjusted trial balance of Quality Office Systems at March 31, 2018, follows: B Click the icon to view the adjusted trial balance.) Prepare Quality Office's single-step income statement for the year ended March 31, 2018. Quality Office Systems Adjusted Trial Balance March 31, 2018 ..... Balance Account Title Debit Credit Quality Office Systems Income Statement Year Ended March 31, 2018 Cash $ 3,700 Accounts Receivable 13,300 31,500 6,300 Merchandise Inventory Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Notes Payable, long-term 42,900 $ 13,900 9,200 800 8,600 18,000 Net Income (Loss) 4,950 Common Stock Retained Earnings Dividends Sales Revenue Cost of Goods Sold 41,500 235,700 107,550 Selling Expense 27,400 ! Print Done Balance Debit Credit 3,700 13,300 31,500 6,300 42,900 13,900 9,200 Account Title Cash Accounts Receivable Merchandise Inventory Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Notes Payable, long-term Common Stock Retained Earnings Dividends Sales Revenue Cost of Goods Sold Selling Expense Administrative Expense 800 Question 8,600 18,000 4,950 41,500 235,700 107,550 27,400 14,200 2,800 Interest Expense Total 291,150 $ 291,150

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