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Questions: Prepare the multi-step income statement, statement of retained earnings and balance sheet (using...

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Accounting

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Questions:

  1. Prepare the multi-step income statement, statement of retained earnings and balance sheet (using the classified method) for the year-ending September 30, 2022.
  2. Calculate the gross profit percentage to one decimal point.
  3. If opening inventory was $63,950, calculate the inventory turnover for 2023. Round to the nearest single decimal point.
The following trial balance has been prepared for vou for the vear ended Sentember 30.2022

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