Question 4 (10 Marks, 18 minutes) UnderAdnar sells sports apparel. You have been provided with...
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Accounting
Question 4 (10 Marks, 18 minutes) UnderAdnar sells sports apparel. You have been provided with the following information for the clothing store. This trial balance has been prepared after the adjusting entries have been made but before the closing entries. At the end of 2017, it had the following account balances. Prepare a multi step income statement for the year ended December 31, 2017: Accounts receivable Rent expense Inventory Retained earnings, opening Advertising expense Cash Wages expense Dividends declared Miscellaneous expense Wages payable Common shares Prepaid tent Cost of goods sold Accounts payable Sales $22,660 $33,000 $43,120 $24,200 $11,660 $13,200 $68,640 $2,200 $7260 54.400 533,000 $2.200 $135 840 $14,080 $249,590 Focus
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