Please help me solve this. Please please make exact table(colum & Row) as it is
ID: 2331742 • Letter: P
Question
Please help me solve this. Please please make exact table(colum & Row) as it is in the question and write out the answers accordingly for easy understanding. Thank you
(2i)
(2ii)
The following information was taken from the accounts of Green Market, a delicatessen, at December 31, 2018. The accounts are listed in alphabetical order, and each has a normal balance 225 Accounts payable Accounts receivable Advertising expense Cash Common stock Cost of goods sold Interest expense Merchandise inventory Prepaid rent Retained earnings, 1/1/2018 Sales revenue Salaries expense Rent expense Gain on sale of land $ 609 409 200 419 209 700 61 360 49 644 1,090 220 100 34 Required Prepare an income statement for the year using the single-step and multistep approach Complete this question by entering your answers in the tabs belowExplanation / Answer
Answer to the question no: (2i) GREEN MARKET Single Step income Statement For the year Ended December 31, 2018 Amount in $ Amount in $ Net Sales revenue 1090 Expenses Cost of goods sold 700 Advertising Expenses 200 interest expenses 61 Salary expense 220 rent Expenses 100 Total cost and expenses 1281 -1281 Gain on sale of land 34 34 Net loss -157 GREEN MARKET Mulity Step income Statement For the year Ended December 31, 2018 Amount in $ Amount in $ Net Sales revenue 1090 Cost of goods sold -700 Gross margin 390 Operating Expenses Advertising Expenses 200 Salary expense 220 rent Expenses 100 Total operating Expenses 520 Operating Loss -130 Non Operating items Interest Expense -61 gain on sale of land 34 Net loss -157