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HIITICWUIN. Vlapici J TIUNTIEWOIK Score: 0 of 4 pts 5 of 5 (0 complete P5-38A (similar to) Grade A Beof Company uses a perpetunt inventory system. The records of Grade A Beof Company at the following selected accounts for the quarter ended April 30, 2018; (Click the icon to view the accounts Read the requirements Requirement 1. Prepare a single-hep income statement. (Abbreviation vred: Eg - Eguipment.) Grade A Beef Company Income Statement Quarter Ended April 30, 2018 Choose from any list or enterary number in the input fields and then click Check Answer 5 parts remaining Clear All Data Table X Interest Revenue $ 17,300 33,800 36,500 32,000 11,390 26,000 Merchandise Inventory Notes Payable, long-term Salaries Payable Net Sales Revenue Rent Expense (Selling) Salaries Expense (Administrative) Office Supplies Uneamed Revenue Interest Expense Depreciation Expense-Equipment (Administrative) Utilities Expense (Administrative) Delivery Expense (Selling) 700 Accounts Payable 45,600 Accounts Receivable 45,000 Accumulated Depreciation Equipment 2,400 Common Stock 310,000 Retained Earnings 21,200 Dividends 2,500 Cash 5,500 Cost of Goods Sold 13,900 Equipment 1,600 Interest Payable 1,290 Rent Expense (Administrative) 4,900 Salaries Expense (Selling) 3,100 Utilities Expense (Selling) 7,900 158,100 129,000 1,800 9.600 5,700 10,700 n the Print Done Clear All on used: Eq. = Equipment.) Requirements 1. Prepare a single-step income statement 2. Prepare a multi-step income statement. 3. J. Daniels, manager of the company, strives to earn a gross profit percentage of at least 50%. Did Grade A achieve this goal? Show your calculations. Print Done and then click Check Answer. 25-38A (similar to) Grade A Beet Company uses a perpetual inventory system. The records of Grade A Beef Company list the following selected accounts for the quarter ended April 30, 2018 (Click the icon to view the accounts.) Read the focuirement Net Income (Loss Choose from any list or enter any number in the input fields and then click Check Answer Clear All 5 Parts remaining Not Income (Loss) Choose from any list or enter any number in 5 remaining parts

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