The adjusted trial balance data given below is from the Morgan Company's worksheet for the year ended December 31, 2019. The expense accounts numbered 611-615 represent selling expenses, and those numbered 621-631 represent general and administrative expenses. ACCT. NO. 399 Income Summary 401 Sales 451 491 ACCOUNT NAME Sales Returns and Allowances Interest Income 501 Purchases 502 Freight In 503 Purchases Returns and Allowances 504 Purchases Discounts 611 Sales Salaries Expense 613 Advertising Expense Travel Expense 615 621 623 office Salaries Expense office Supplies Expense Utilities Expense ADJUSTED TRIAL BALANCE DEBIT CREDIT 61,000 58,000 270,000 4,100 770 135,000 3,200 56,000 2,300 11,700 18,500 770 4,700 1,700 1,370 570 1,800 1,800 2,100 627 Payroll Taxes Expense 629 Uncollectible Accounts Expense 631 Depreciation Expense office Equipment 691 Interest Expense Prepare a classified income statement for the year ended December 31, 2019.

The adjusted trial balance data given below is from the Morgan Company's worksheet for the year ended December 31, 2019. The expense accounts numbered 611-615 represent selling expenses, and those numbered 621-631 represent general and administrative expenses. ACCT. NO. 399 Income Summary 401 Sales 451 491 ACCOUNT NAME Sales Returns and Allowances Interest Income 501 Purchases 502 Freight In 503 Purchases Returns and Allowances 504 Purchases Discounts 611 Sales Salaries Expense 613 Advertising Expense Travel Expense 615 621 623 office Salaries Expense office Supplies Expense Utilities Expense ADJUSTED TRIAL BALANCE DEBIT CREDIT 61,000 58,000 270,000 4,100 770 135,000 3,200 56,000 2,300 11,700 18,500 770 4,700 1,700 1,370 570 1,800 1,800 2,100 627 Payroll Taxes Expense 629 Uncollectible Accounts Expense 631 Depreciation Expense office Equipment 691 Interest Expense Prepare a classified income statement for the year ended December 31, 2019.

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Description: Please do not give solution in image format thanku 3The adjusted trial balance data given below is from the Morgan Company's worksheet for the year ended December 31, 2019.The expense accounts numbered 611-615 represent selling expenses, and those nu

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 13PB: Following is the adjusted trial balance data for Garage Parts Unlimited as of December 31, 2019. A....

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