Question
I dont even know where to begin! HELP! I need to make a multi-step income statement with the following information: The following selected accounts from
I dont even know where to begin! HELP!
I need to make a multi-step income statement with the following information:
The following selected accounts from the Blue Door Corporation's general ledger are presented below for the year ended December 31, 2017:
Advertising expense$ 55,000
Interest revenue$ 30,000 Common stock 250,000 Inventory 67,000
Cost of goods sold 1,085,000 Rent revenue 24,000 Depreciation expense 125,000
Retained earnings 535,000 Dividends 150,000 Salaries and wages expense 675,000
Freight-out 25,000 Sales discounts 8,500 Income tax expense 70,000
Sales returns and allowances 41,000
Insurance expense 15,000 Sales revenue 2,400,000 Interest expense 70,000
.
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