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Jakes company had the following accounts: Revenue-$100,000, Interest Expense-$15000, Cost of Goods sold-$40,000, Selling Expenses-15,000, Rent revenue 510,000, and Administrative Expenses-$10,000. Make a multi-step Income
Jakes company had the following accounts: Revenue-$100,000, Interest Expense-$15000, Cost of Goods sold-$40,000, Selling Expenses-15,000, Rent revenue 510,000, and Administrative Expenses-$10,000. Make a multi-step Income statement on a piece of scrap paper and answer the following matching questions. Gross Margin or Gross Profit is total Operating Expenses are Other income and Expenses is Net income is A. $25,000 $140.000 $35,000 D.s70,000 E. $30,000 F. s60,000 G. ($5000)
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