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XO O DE Refer to the following trial balance. Debit Credit Cash $15,000 Accounts Receivable...

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Accounting

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XO O DE Refer to the following trial balance. Debit Credit Cash $15,000 Accounts Receivable 42.000 Merchandise Inventory 60,000 Supplies 15,000 Land 300,000 Accounts Payable $3,000 Notes Payable 25,000 Common Stock 300,000 Retained Earnings 26.000 Dividends 3.000 I M Sales Revenues 480,000 Sales Returns and Allowances 6,000 Sales Discounts 9,000 Cost of Goods Sold 240,000 Salary Expense 15,000 Utility Expense 69,000 Rent Expense 54.000 Interest Expense 6.000 Totals $834.000 $834.000 Prepare a multi-step income statement

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