E3-23A – Single-Step Income Statement & Statement of Retained Earnings
Financial Accounting
Thomas, Tietz, and Harrison
12th Edition
Prepare the single-step income statement, statement of retained earnings, and balance sheet.
Prepare the single-step income statement, statement of retained earnings, and balance sheet.
Given the adjusted trial balances for the corporation – figure out what you would report on the income statement for sales revenue, insurance expense, and operating expenses.
Your numbers will vary.