The following information was taken from the accounts of Green Market, a delicatessen, at December 31, Year
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The following information was taken from the accounts of Green Market, a delicatessen, at December 31, Year 2. The accounts are listed in alphabetical order, and each has a normal balance. Accounts payable$800 Accounts receivable 2,250 Advertising expense 600 Cash 1,850 Common stock 2,000 Cost of goods sold 2,950 Interest expense 120 Merchandise inventory 1,250 Prepaid rent 720 Retained earnings, 1/1/Year 2 2,610 Sales revenue 5,600 Salaries expense 960 Rent expense 510 Gain on sale of land 200 Required Prepare an income statement for the year using the multistep approach
Related Book For
Survey Of Accounting
ISBN: 9781260575293
6th Edition
Authors: Thomas Edmonds, Christopher Edmonds, Philip Olds
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