Presented below is the adjusted trial balance of TechCheck Corp. Prepare the following: a. Income Statement (multiple step format) Spring Check Inc. Adjusted Trial Balance December 31, 2018 Debit Credit Cash $ 450,000 Accounts Receivable 1,250,000 Allowance for Doubtful Accounts $ 5,000 Inventory, 12/31/18 2,480,000 Equipment 3,800,000 Accumulated Deperciation - Equipment 1,150,000 Building 1,400,000 Accumulated Deperciation - Building 420,000 Land 500,000 Patent 4,000,000 Accounts Payable 875,000 Salaries and Wage s Payable 45,000 Notes Payable - Due 7/31/19 Mortgage Payable - Due 12/31/2025 $ 0.01 250,000 1,000,000 Common Stock Par 10,000 APIC (Additional Paid in Capital in Excess of Par) Retained Earnings 1,990,000 3,425,000 Dividends Dedared - Common 2$ 400,000 Sales 14,400,000 $ $ Sales Discounts 180,000 Sales Returns and Allowances 210,000 Cost of Goods Sold (COGS) 5,350,000 Selling Expenses Administrative Expenses $ $ 1,300,000 650,000 Investment Revenue 150,000 Income Tax Expense 1,750,000 $ 23,720,000 $ 23,720,000 Note: The accounts highlighted above have been entered correctly into the respective financial statement by the instructor. %24

The following is a partial trial balance for General Lighting Corporation as of December 31, 2021: Account Title Sales revenue Interest revenue Loss on sale of investments Cost of goods sold Loss on inventory write-down (obsolescence) Selling expense General and administrative expense Interest expense Debits 29,500 1,330,000 340,000 440,000 220,000 93,000 Complete this question by entering your answers in the tabs below. Credits 3,050,000 94,000 There were 300,000 shares of common stock outstanding throughout 2021. Income tax expense has not yet been recorded. The income tax rate is 25%. Required: 1. Prepare a single-step income statement for 2021, including EPS disclosures. 2. Prepare a multiple-step income statement for 2021, including EPS disclosures.

Review the select information for Bean Superstore and Legumes Plus (industry competitors), and then complete the following. BEAN SUPERSTOREComparative Balance SheetDecember 31, 2017, 2018, and 2019   2019 2018 2017 Assets       Cash $346,600    $330,460    $300,000    Accounts Receivable 65,000    65,000    60,000    Inventory 145,830    178,011    155,205    Equipment 100,465    101,202    103,085    Total Assets $657,895    $674,673    $618,290    Liabilities       Salaries Payable $90,300    $88,563    $84,209    Accounts Payable 71,000    71,670    69,331    Notes Payable 41,000    50,650    58,250    Equity       Common Stock 22,695    21,990    19,100    Retained Earnings 432,900    441,800    387,400    Total Liabilities and Equity $657,895    $674,673    $618,290    LEGUMES PLUSComparative Balance SheetDecember 31, 2017, 2018, and 2019   2019 2018 2017 Assets       Cash $407,000    $389,450    $356,367    Accounts Receivable…

PREPARE ADJUSTED TRIAL BALANCE BY USING THE INFORMATION On December 1, 2020, Sheridan Distributing Company had the following account balances.     Debit       Credit Cash   $7,500   Accumulated Depreciation—Equipment   $2,640 Accounts Receivable   4,900   Accounts Payable   4,500 Inventory   12,200   Salaries and Wages Payable   1,000 Supplies   1,300   Owner’s Capital   44,160 Equipment   26,400             $52,300       $52,300 During December, the company : Dec. 6   Paid $1,800 for salaries and wages due employees, of which $800 is for December and $1,000 is for November salaries and wages payable. 8   Received $1,900 cash from customers in payment of account (no discount allowed). 10   Sold merchandise for cash $6,500. The cost of the merchandise sold was $3,900. 13   Purchased merchandise on account from Boehm Co. $9,000, terms 2/10, n/30. 15   Purchased supplies for cash $1,600. 18   Sold merchandise on account $12,800, terms 3/10, n/30. The…