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Fit-for-Life Foods reports the following income statement accounts for the year ended December 31. Gain on sale of Depreciation expense- $ 6,290 $ 530 equipment
Fit-for-Life Foods reports the following income statement accounts for the year ended December 31. Gain on sale of Depreciation expense- $ 6,290 $ 530 equipment Office copier office supplies expense 620 Sales discounts 16,700 Sales returns and Insurance expense 1,380 3,900 allowances Sales 218,000 TV advertising expense 3,800 Office salaries expense 31,100 Interest revenue 650 Rent expense-Selling 11,600 Cost of goods sold 91,000 space Sales staff wages 23,700 Sales commission expense 13, 100 Prepare a multiple-step income statement. FIT-FOR-LIFE FOODS Income Statement For Year Ended December 31 Expenses Selling expenses Total selling expenses General and administrative expenses Total general and administrative expenses Total expenses Other revenues, gains, expenses & losses Total other revenues, gains, expenses & losses
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