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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 $21,120 Cost of goods
Below is a partial listing of the adjusted account balances of Teal Mountain at year-end on December 31, 2014: Accounts receivable $21,120 Cost of goods sold 225,280 Selling expenses (includes depreciation) 42,240 Interest expense 2,640 Accumulated depreciation-Building 13,200 Sales discounts 4,400 Inventory 45,760 Administrative expenses (includes depreciation) 57,200 Sales revenue Accounts payable 367,840 29,920 Interest revenue 440 Prepare a multiple-step income statement for the Teal Mountain for the year ended December 31, 2014. (List other revenues before other expenses.) Prepare a multiple-step income statement for the Teal Mountain for the year ended December 31, 2014. (List other revenues before other expenses.) Teal Mountain Income Statement $
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