Question
An analysis of the transactions of Rutherford Company for the year ended December 31, yields the following information: sales revenue, $166,400; insurance expense, $4,300; interest
An analysis of the transactions of Rutherford Company for the year ended December 31, yields the following information: sales revenue, $166,400; insurance expense, $4,300; interest income, $10,800; cost of goods sold, $71,300; salaries expense, $22,500; income taxes expense, $2,400; and loss on disposal of property, plant, and equipment, $1,200.
Required:
Prepare a single-step income statement.
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Cornerstones of Financial Accounting
Authors: Jay Rich, Jeff Jones
4th edition
978-1337690881, 9781337669450, 1337690880, 1337690899, 1337669458, 978-1337690898
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