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Baskin-Robbins is one of the world's largest specialty Ice cream shops. The company offers dozens of different flavors, from Very Berry Strawberry to lowfat Espresso
Baskin-Robbins is one of the world's largest specialty Ice cream shops. The company offers dozens of different flavors, from Very Berry Strawberry to lowfat Espresso 'n Cream. Assume that a local Baskin- Robbins in Raleigh, North Carolina, has the following amounts for the month of July 2021. Salaries expense Inventory (July 1, 2021) Sales returns Utilities expense Income tax expense $12,600 Sales revenue 1,750 Interest income 1,000 Cost of goods sold 3,050 Rent expense 4,900 Interest expense Inventory (July 31, 2021) $64,300 2,200 28,150 5,600 300 1,000 equired: Prepare a multiple-step income statement for the month ended July 31, 2021
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