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Listed below are selected account balances KC Company, as of December 31, 2020 Cash $127,197 Accounts Payable $34,298 Rent Expense $34,100 Inventory $42,707 Cost of
Listed below are selected account balances KC Company, as of December 31, 2020 | ||||||
Cash | $127,197 | |||||
Accounts Payable | $34,298 | |||||
Rent Expense | $34,100 | |||||
Inventory | $42,707 | |||||
Cost of Goods Sold | $215,062 | |||||
Notes Payable | $14,000 | |||||
Sales Revenue | $517,000 | |||||
Accounts Receivable | $47,000 | |||||
Bonds Payable | $100,000 | |||||
Contributed Capital | ??? | |||||
Depreciation Expense | 37,000 | |||||
Wages Expense | $44,972 | |||||
Equipment | $525,000 | |||||
Interest Expense | $8,000 | |||||
Land | $350,000 | |||||
Advertising Expense | $17,500 | |||||
Retained Earnings | $225,000 | |||||
Dividends Paid | $25,000 | |||||
Utilities Expense | $900 | |||||
How to create a multi step Income Statement for KC Company for the year ended 2020 ? |
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