Question: Using the adjusted trial balance shown below. prepare () an income statement in the multiple step format). (b) a statement of retained earnings and (c)


Using the adjusted trial balance shown below. prepare () an income statement in the multiple step format). (b) a statement of retained earnings and (c) a Balance sheet for Top Notch Auto Body Top Notch Auto Body Adjusted Trial Balance July 31, 2020 Credit Debit $18,000 15,000 54,750 49,000 $9,600 20.400 15,250 30,000 17,750 16,000 Cash Accounts Receivable. Inventory.. Office Equipment.. Accumulated Deprec. - Office Equip Accounts Payable Income Taxes Payable... Capital Stock..... Retained Earnings, 8/1/19. Dividends.... Sales Revenue Cost of Goods Sold. Rent Expense. Wages Expense. Supplies Expense... Depreciation Expense.... Income Taxes Expense.. Totals 230,000 99,100 20,500 32,000 6,000 3,400 9.250 $323,000 $323.000 Top Noh Auto Body Income Statement For the Year Ended July 31, 2020 Top Notch Auto Body Statement of Retained Earnings For the Year Ended July 31, 2020 Top Notch Auto Body Balance Sheet July 31, 2020 Assets Credit Cash Accounts tant Receivable. Inventory D vidends Debit 18.000 15,000 54,750 16,000 Liabilities Income tuxes puxable 15,250 Stockholder's Equity
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