Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. prepare a multiple-step income statement marin

prepare a multiple-step income statement MARIN INC. Adjusted Trial Balance November 30,...

90.2K

Verified Solution

Question

Accounting

prepare a multiple-step income statement

imageimageimageimage

MARIN INC. Adjusted Trial Balance November 30, 2022 Debit Cash Accounts Receivable Inventory Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Credit $ 4360 $ 1290 4350 1984 37200 1550 8804 806 \begin{tabular}{|r|} \hline \multicolumn{1}{|r|}{} \\ \hline \\ \hline \\ \hline \\ \hline 850 \\ \hline 806 \\ \hline \end{tabular} 620 \begin{tabular}{|c|c|c|c|c|} \hline Common Stock & & & & 24800 \\ \hline Retained Earnings & & & & 8680 \\ \hline Service Revenue & & & & 8711 \\ \hline Depreciation Expense & & 310 & & \\ \hline Supplies Expense & & 1190 & & \\ \hline Salaries and Wages Expense & & 4526 & & \\ \hline Rent Expense & & 465 & & \\ \hline Sales Revenue & & & & 6800 \\ \hline Cost of Goods Sold & & 4960 & & \\ \hline Sales Discounts & & 136 & & \\ \hline Totals & $ & 60771 & $ & 60771 \\ \hline \end{tabular} MARIN INC. Income Statement November 30, 2022 $ Less : Sales Discounts 136 i Net Sales $ 136

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

Spider Man No Way Home 3D Hindi Hindi UA Hindi 3D 09 30 AM 12...

Basic Math
1.2K views

9. The table below gives the number of hours five randomly selected students spent studying and...

Physics
1.2K views

the R C circuit as shown initially capacitor is charged to potential Vo with polarity...

Physics
1.2K views

The loss of kinetic energy The loss of kinetic energ due to the first impact...

Basic Math
1.2K views

2 Complete the table below to show that m42 or theorem specifically for your reasons...

Algebra
1.2K views

Let X? be a closed subspace and X? be a finite dimensional subspace of a...

Algebra
1.2K views

Find the remaining sides of a 30 60 90 triangle if the side opposite 60...

Accounting
1.2K views

Consumers Union is a nonprofit organization that provides information and counsel on consumer goods and...

Accounting
1.2K views

The FBI employs deception to collect information during its investigations. Do you believe it is...

Accounting
1.2K views

Inventory information for Moby Corporation disclosed the following information for month of June: Instructions 3.4...

Accounting
1.2K views

Sarasota Corporation purchased a boardroom table for $16,000. The company planned to keep it for...

Finance
1.2K views

14 pts (Short Answer Question: Chapter 4) You are the agent of Mr. Jared Goff,...