The adjusted trial balance of Carla Vista Company for the year ended December 31, 2022, is as follows: Debit Credit Cash $5,900 Accounts Receivable 3,300 Notes Receivable 6,500 Inventory 10,900 Equipment 8,500 Allowance for Doubtful Accounts $500 Accumulated Depreciation—Equipment 1,400 Notes Payable 1,200 Accounts Payable 800 Common Stock 17,900 Retained Earnings 10,800 Dividends 1,700 Sales Revenue 14,430 Interest Revenue 200 Cost of Goods Sold 7,600 Salary and Wages Expense 2,000 Rent Expense 700 Bad Debt Expense 90 Service Charge Expense 40 $47,230 $47,230 (a1) Prepare a multiple-step income statement. Carla Vista Company Income Statement Choose the accounting period. select an opening name for section one $Enter a dollar amount Enter an income statement item Enter a dollar amount Select a closing name for section one Enter a total amount for section one Select an opening name for section two Enter an income statement item $Enter a dollar amount Enter an income statement item Enter a dollar amount Enter an income statement item Enter a dollar amount Enter an income statement item Enter a dollar amount Select a closing name for section two Enter a total amount for section two Select a summarizing line for the first part Enter a dollar amount Select an opening name for section three Enter an income statement item Enter a dollar amount Select a closing name for this statement $Enter a total net income or loss amount

The adjusted trial balance of Carla Vista Company for the year ended December 31, 2022, is as follows: Debit Credit Cash $5,900 Accounts Receivable 3,300 Notes Receivable 6,500 Inventory 10,900 Equipment 8,500 Allowance for Doubtful Accounts $500 Accumulated Depreciation—Equipment 1,400 Notes Payable 1,200 Accounts Payable 800 Common Stock 17,900 Retained Earnings 10,800 Dividends 1,700 Sales Revenue 14,430 Interest Revenue 200 Cost of Goods Sold 7,600 Salary and Wages Expense 2,000 Rent Expense 700 Bad Debt Expense 90 Service Charge Expense 40 $47,230 $47,230 (a1) Prepare a multiple-step income statement. Carla Vista Company Income Statement Choose the accounting period. select an opening name for section one $Enter a dollar amount Enter an income statement item Enter a dollar amount Select a closing name for section one Enter a total amount for section one Select an opening name for section two Enter an income statement item $Enter a dollar amount Enter an income statement item Enter a dollar amount Enter an income statement item Enter a dollar amount Enter an income statement item Enter a dollar amount Select a closing name for section two Enter a total amount for section two Select a summarizing line for the first part Enter a dollar amount Select an opening name for section three Enter an income statement item Enter a dollar amount Select a closing name for this statement $Enter a total net income or loss amount

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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(a1)

Prepare a multiple-step income statement.

Carla Vista Company Income Statement Choose the accounting period.
select an opening name for section one		$Enter a dollar amount
Enter an income statement item		Enter a dollar amount
Select a closing name for section one		Enter a total amount for section one
Select an opening name for section two
Enter an income statement item	$Enter a dollar amount
Enter an income statement item	Enter a dollar amount
Enter an income statement item	Enter a dollar amount
Enter an income statement item	Enter a dollar amount
Select a closing name for section two		Enter a total amount for section two
Select a summarizing line for the first part		Enter a dollar amount
Select an opening name for section three
Enter an income statement item		Enter a dollar amount
Select a closing name for this statement		$Enter a total net income or loss amount

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	Debit	Credit
Cash	$5,900
Accounts Receivable	3,300
Notes Receivable	6,500
Inventory	10,900
Equipment	8,500
Allowance for Doubtful Accounts		$500
Accumulated Depreciation—Equipment		1,400
Notes Payable		1,200
Accounts Payable		800
Common Stock		17,900
Retained Earnings		10,800
Dividends	1,700
Sales Revenue		14,430
Interest Revenue		200
Cost of Goods Sold	7,600
Salary and Wages Expense	2,000
Rent Expense	700
Bad Debt Expense	90
Service Charge Expense	40
	$47,230	$47,230