Problem 2: The following is the adjusted trial balance data for GG Pizzeria as of December 31, 2019. GG PIZZERIA Adjusted Trial Balance Year Ended December 31, 2019 Debit Credit Cash $ 775,984...


Problem 2: The following is the adjusted trial balance data for GG Pizzeria as of December 31, 2019. GG PIZZERIA Adjusted Trial Balance Year Ended December 31, 2019 Debit Credit Cash $ 775,984 Accounts Receivable 45,688 Buildings 200,460 Merchandise Inventory 135,624 Accounts Payable $437,880 Common Stock 410,542 555,696 Sales Interest Revenue 84,652 Rent Revenue 86,900 Prepare a simple and multi-step income statement for the year ended December 31, 2019. Sales Salaries Expense 24,500 Office Supplies Expense 6,270 Sales Discounts 102,890 4,577 Interest Expense Sales Returns and Allowances 105,854 Cost of goods sold 122,853 Rent Expense 20,000 Depreciation Expense: Office Equipment 10,555 Insurance Expense 2.780 Advertising Expense Totals 17,635 $1,575,670 $1,575,670



Jun 10, 2022
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