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need correct anwser for financial accounting question. Below is a partial listing of the adjusted account balances of Teal Mountain at year-end on December 31,
need correct anwser for financial accounting question.
Below is a partial listing of the adjusted account balances of Teal Mountain at year-end on December 31, 2014: Accounts receivable $21,120 Cost of goods sold 225,280 Selling expenses (includes depreciation) 42,240 Interest expense 2,640 Accumulated depreciation--Building 13,200 4,400 Sales discounts Inventory 45,760 57,200 Administrative expenses (includes depreciation) 367,840 Sales revenue 29.920 Accounts payable 440 Interest revenue Prepare a multiple-step income statement for the Teal Mountain for the year ended December 31, 2014. (List other revenues before other expenses.) Teal Mountain Income Statement Sales Revenues $ . . $ Step by Step Solution
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