(Solved): 3) Based on the trial balance for a merchandise company. - Access Ltd. below, prepare a multi-step ...

3) Based on the trial balance for a merchandise company. - Access Ltd. below, prepare a multi-step income statement for Dec. 31, 2019. You can use excel and upload the file in Blackboard or complete on paper and upload an image in Blackbaord using the assignment link provided. Accounts receivable Bad debt expense Cash Cost of goods sold Day-by-day, withdrawals Depreciation expense, equipment Equipment Insurance expense Interest expense Merchandise inventory Prepaid insurance Rent expense Sales returns Salaries expense Accounts payable Accumulated depreciation, equipment Allowance for doubtful accounts Day-by-day, Capital Long-Term Notes payable (due in 3 years) Salaries payable Sales Unearned revenue Totals $ $ Debit 1,900 19 3,455 5,010 800 48 480 24 13 2,500 72 140 626 450 $ 15,537 $ Credit 501 192 190 1,695 288 21 12,525 125 15,537