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Fit-for-Life Foods reports the following income statement accounts for the year ended December 31. $ 6,150 Depreciation expense-Office copier $ 470 Gain on sale of
Fit-for-Life Foods reports the following income statement accounts for the year ended December 31. $ 6,150 Depreciation expense-Office copier $ 470 Gain on sale of equipment Office supplies expense 660 Sales discounts 16,700 1,360 Sales returns and allowances 4,000 Insurance expense Sales 219,000 TV advertising expense 2,000 32,000 Interest revenue 610 Office salaries expense Rent expense-Selling space Sales salaries expense 10,900 Cost of goods sold 89,100 23,900 Sales commission expense 12,700 Expenses Selling expenses FIT-FOR-LIFE FOODS Income Statement For Year Ended December 31 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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