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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
Based on the above
![DollarPlus Inc.
Trial Balance
31-Dec-21
Account Titles
Cash
Dr.
Cr.
25,230.00
Accounts Receivable
Merchandise Inventory
5,000.00
2,400.00
Accounts Payable
Share Capital
Retained Earning
3,000.00
1,000.00
3,690.00
Sales
73,340.00
Cost of gooda sold
Salaries Expense
30,000.00
4,000.00
Interest Income
Interast Expanse
5,000.00
3,200.00
Income Taxes
5,200.00
Rent Expense
Telephone Expense
Totala
8,000.00
3,000.00
86,030.00
৪6,030.00
Based on the above trial balance, prepare the multi-step income statement and calculate the following:
Gross Profit Blank 1
Net Income from operation Blank 2
Net Income before income taxes Blank 3
Net Income Blank 4](https://content.bartleby.com/qna-images/question/7f1cf787-d181-4611-9f83-a587357d56a8/2f415998-7726-4048-af69-95de94cd88cb/5ek6c9o_thumbnail.jpeg)
Transcribed Image Text:DollarPlus Inc.
Trial Balance
31-Dec-21
Account Titles
Cash
Dr.
Cr.
25,230.00
Accounts Receivable
Merchandise Inventory
5,000.00
2,400.00
Accounts Payable
Share Capital
Retained Earning
3,000.00
1,000.00
3,690.00
Sales
73,340.00
Cost of gooda sold
Salaries Expense
30,000.00
4,000.00
Interest Income
Interast Expanse
5,000.00
3,200.00
Income Taxes
5,200.00
Rent Expense
Telephone Expense
Totala
8,000.00
3,000.00
86,030.00
৪6,030.00
Based on the above trial balance, prepare the multi-step income statement and calculate the following:
Gross Profit Blank 1
Net Income from operation Blank 2
Net Income before income taxes Blank 3
Net Income Blank 4
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