Question
A company entered into the following transactions which were recorded in the journals below. List the transactions by number and indicate the appropriate journal where
A company entered into the following transactions which were recorded in the journals below. List the transactions by number and indicate the appropriate journal where said transactions should be recorded by choosing the correct letter. Use only letters in your answer.
| PROBLEM VI
The income statement account balances on December 31, 2019, for Jaymax Company appear below.
On a separate sheet, prepare a multiple step income statement for the company for 2019.
Sales $50,000
Cost of Goods Sold 20,000
Selling Expenses 12,500
General & Administrative Expenses 5,000
Rent revenue 600
Interest Expense 1,000
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