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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 6,290 Depreciation expense-Office
Fit-for-Life Foods reports the following income statement accounts for the year ended December 31. Gain on sale of equipment Office supplies expense 6,290 Depreciation expense-Office copier $ 550 770 Sales discounts 15,800 4,000 4,000 730 Insurance expense 1,250 219,000 31,200 10,300 22,100 Sales returns and allowancess Sales TV advertising expense Office salaries expense Rent expense-Selling space Sales staff wages Interest revenue Cost of goods sold Sales commission expense 91,000 14,000 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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