In: Accounting
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.