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Currently studying for an exam. I need this organized , please. Will definitely upvote. Thank you for your time and help. It seems like it
Currently studying for an exam. I need this organized, please. Will definitely upvote. Thank you for your time and help. It seems like it is a lot of work but it is easier than it looks.
Chapter 04 Group work - STU Problem 1 Page 1 The following 2020 information related to P. Bride Company. $ $ 4,900 3,960 60,570 17,230 $ Administrative expense Officers' salaries Depreciation of office furniture and equipment Cost of goods sold Rent revenue Selling expense Delivery expense Sales commissions Depreciation of sales equipment Sales revenue Income tax Interest expense 2,690 $ $ 7,980 6,480 96,500 9,070 1,860 $ 1,8 Prepare an income statement for the year 2020 using the multiple-step form. Note: Common shares outstanding for 2020: 40,550 P. BRIDE COMPANY Income Statement For the Year Ended December 31, 2020 Sales revenue Sales revenue Cost of goods sold Gross profit Operating Expenses Selling expenses Sales commissions Depreciation of sales equipment Delivery expense Administrative expenses Officers' salaries Depreciation of office furniture and equipment Income from operations Other Revenues and Gains Rent revenue Other Expenses and Losses Interest expense Income before income tax Income tax Net income Earnings per share Prepare an income statement for the year 2020 using the single-step form. P. BRIDE COMPANY Income Statement For the Year Ended December 31, 2020 Revenues Net sales Rental revenue Total revenues Expenses Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses Income before income tax Income tax Net income Earnings per share
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