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i need help with making a multiple step income statment Question 1 of 7 - /25.5 View Policies Current Attempt in Progress The following account
i need help with making a multiple step income statment
Question 1 of 7 - /25.5 View Policies Current Attempt in Progress The following account balances were included in the trial balance of Coronado Corporation at June 30, 2020. Sales revenue Sales discounts Cost of goods sold Salaries and wages expense (sales) Sales commissions Travel expense (salespersons) Delivery expense Entertainment expense Telephone and Internet expense (sales) Depreciation expense (sales equipment) Maintenance and repairs expense (sales) Miscellaneous selling expenses Office supplies used Telephone and internet expense (administration) $1.593,520 32,700 901,800 56,930 99,240 30,000 22,810 14,950 9,040 4,570 5.928 5.026 3,739 2,642 Depreciation expense (office furniture and equipment) Property tax expense Bad debt expense (selling) Maintenance and repairs expense (administration) Office expense Sales returns and allowances Dividends received Interest expense Income tax expense Depreciation understatement due to error-2017 (net of tax Dividends declared on preferred stock Dividends declared on common stock The Retained Earnings account had a balance of $366,280 at July 1, 2019. There are 78,920 shares of common stock outstanding tal) Using the multiple-step form, prepare an income statement for the year ended June 30, 2020. (Round earnings per share to 2 decimal places, e.g. 1.48.) CORONADO CORPORATION Income Statement For the Year Ended June 30, 2020 Question 1 of 7 Using the multiple-step form, prepare an income statement for the year ended June 30, 2020. (Round earnings per shar decimal places, e.g. 1.48.) CORONADO CORPORATION Income Statement For the Year Ended June 30, 2020 + Income from Operations Sales Revenue $ Less : Sales Returns and Allowances Sales Discounts Net Sales Question 1 of 7 Step by Step Solution
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