Question
Current Attempt in Progress The selected accounts from the Blue Spruce Corp's accounting records are presented below for the year ended December 31, 2022:
Current Attempt in Progress The selected accounts from the Blue Spruce Corp's accounting records are presented below for the year ended December 31, 2022: Advertising expense $69,300 Interest revenue $ 37,800 Common stock 315,000 Inventory 84,420 Cost of goods sold 1,367,100 Rent revenue 30,240 Depreciation expense 157,500 Retained earnings 674,100 Dividends 189,000 Salaries and wages expense 850,500 Freight-out 31,500 Sales discounts 10,710 Income tax expense 88,200 Sales returns and allowances 51,660 Insurance expense 18,900 Sales revenue 3,024,000 Interest expense 88,200 Prepare a multiple-step income statement. Other Revenues and Gains Sales Revenue Less Sales Returns and Allowances BLUE SPRUCE CORP. Income Statement For the Month Ended December 31, 2022 A 51660 $ 3024000 Less Sales Returns and Allowances Sales Discounts A 51660 10710 eTextbook and Media $
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