Exercise 3-56 Preparing an Income Statement Oxmoor Corporation prepared the following adjusted trial balance

Exercise 3-56 Preparing an Income Statement Oxmoor Corporation prepared the following adjusted trial balance. Required: Prepare a single step income statement for Oxmoor for  the year ended December 31, 2019. Transcribed Image Text: Oxmoor Corporation
Adjusted Trial Balance
December 31, 2019
Aссcount
Debit
Credit
Cash
$ 13,300
6,700
54,000
481,400
110,900
Accounts Receivable
Prepaid Rent
Inventory
Long-Term Investment
Equipment
Accumulated Depreciation
Accounts Payable
Interest Payable
Note Payable (short-term)
Bonds Payable
Common Stock
Retained Earnings, 1/1/2019
88,000
$ 23,700
111,700
4,400
50,000
180,000
300,000
45,635
Dividends
50,000
Sales Revenue
583,900
Cost of Goods Sold
277,000
Wages Expense
Rent Expense
Depreciation Expense
Interest Expense
Income Taxes Expense
Totals
98,250
50,000
29,000
2,700
38,085
S1,299,335
$1,299,335

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