The following information was taken from the accounts of Green Market, a delicatessen, at December 31,...

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.

-245


Accounts payable	$	611
Accounts receivable		411
Advertising expense		200
Cash		421
Common stock		211
Cost of goods sold		700
Interest expense		59
Merchandise inventory		340
Prepaid rent		51
Retained earnings, 1/1/2018		646
Sales revenue		1,110
Salaries expense		240
Rent expense		100
Gain on sale of land		56

Required

Prepare an income statement for the year using the single-step and multistep approach

I have answered this, but I am not sure what I am missing it keeps telling me something is wrong.

Expert Solution

ekkarill92 answered 3 years ago

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