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Read the following scenario and perform the exercises below

Finance

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Read the following scenario and perform the exercises below.

The company Computers Caribe, after making the adjustments in March, has the following balance sheets in the books, which are in the following adjusted check balance (trial balance):

1. Prepares the multi-step income statement.

2. Prepare the capital status (owner's capital statement).

3. Prepares the status status (balance sheet).

Caribbean computers

Adjusted Trial Balance

Period ending March 31, 2020

Account title Ref. Debit Credit

Cash $17,560

Account Receivable 18,065

Supplies 60,500

Building 180,000

Acc. Depreciation-Building $22,000

Equipment 45,600

Acc. Depreciation-Equipment 5,800

Account Payable 29,200

Salary Payable 3,500

Interest Payable 1,000

Unearned Sales Revenue 7,000

Note Payable, Long Term 85,000

J. Ayala, Capital 180,000

J. Ayala, Withdrawals 5,000

Sales Revenue 150,000

Sales Discounts 6,200

Sales Return and Allowances 7,600

Cost of Goods Sold 102,000

Selling Expense 18,400

General Expense 20,075

Interest Expense 2,500

Total 483,500 483,500