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Below is a partial listing of the adjusted account balances of Teal Mountain at year-end on December 31, 2014: Accounts receivable $ 24,480 Cost of
Below is a partial listing of the adjusted account balances of Teal Mountain at year-end on December 31, 2014: Accounts receivable $ 24,480 Cost of goods sold 261,120 Selling expenses (includes depreciation) 48,960 Interest expense 3,060 Accumulated depreciation-Building 15,300 Sales discounts 5,100 Inventory 53,040 Administrative expenses (includes depreciation) 66,300 Sales revenue 426,360 Accounts payable 34,680 Interest revenue 510 Prepare a multiple-step income statement for the Teal Mountain for the year ended December 31, 2014. (List other revenues before mother expenses.) Teal Mountain Income Statement $ $ $ e Textbook and Media List of Accounts
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