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Fit-for-Life Foods reports the following income statement accounts for the year ended December 31. Gain on sale of equipment Office supplies expense Insurance expense
Fit-for-Life Foods reports the following income statement accounts for the year ended December 31. Gain on sale of equipment Office supplies expense Insurance expense Sales Office salaries expense Rent expense-Selling space Sales salaries expense Prepare a multiple-step income statement. $ 6,230 Depreciation expense-Office copier 640 Sales discounts, 1,380 Sales returns and allowances 218,000 TV advertising expense 31,300 Interest revenue 10,500 Cost of goods sold 23,700 Sales commission expense FIT-FOR-LIFE FOODS Income Statement For Year Ended December 31 Expenses Selling expenses 0 0 0 Dray 17 of 20 Next > $ 500 15,200 3,900 3,000 670 89,900 13,400
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