Question
1.Create anincome statement. oYou will need the following information: Sales were $1,181,200.00 Administrative and sales expenses $225,000.00 Interest on debt is $97,000.00 oAt the end
1.Create anincome statement.
oYou will need the following information:
Sales were $1,181,200.00
Administrative and sales expenses $225,000.00
Interest on debt is $97,000.00
oAt the end of the period, XYZ com has the following account balances:
Cash 550,000
Accounts receivable 117,000
Inventory 84,000
Prepaid expenses 4,800
Equipment 196,000
Depreciation 49,000
Accounts payable 125,000
Loans payable 361,300
Net Profit 465,500
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Cost Accounting Principles And Applications
Authors: Horace Brock, Linda Herrington, La Vonda Ramey
7th Edition
0071115609, 978-0071115605
