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Hi, l would really appreciate it if you can help me prepare a multiple income statement using the perpetual inventory system. The accounts are advertising
Hi, l would really appreciate it if you can help me prepare a multiple income statement using the perpetual inventory system. The accounts are advertising expense $3200, cost of goods sold $195,000, depreciation expense $4000, freight out expense $6200, insurance expense $2200, interest expense $2350, interest revenue $700, merchandise inventory $55,000, rent expense $14,000, salaries expense $46,800, sales discounts $100, sales returns and allowances $1000, sales revenue $320,000, supplies expense $1750. Thanks, this has been very helpful.
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