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Please write neatly! The adjusted trial balance of Kasten Company contained the following information: Debit Credit Sales Revenue $660,000 Sales Returns and Allowances $ 20,000
Please write neatly!
The adjusted trial balance of Kasten Company contained the following information: Debit Credit Sales Revenue $660,000 Sales Returns and Allowances $ 20,000 Sales Discounts 7,000 Cost of Goods Sold 456,000 Freight-Out 2,000 Advertising Expense 25,000 Interest Expense 18,000 Salaries and Wages Expense 55,000 Utilities Expense 28,000 Depreciation Expense 7,000 Interest Revenue 30,000 Instructions Use the above information to prepare an income statement for the year ended December 31, 2020Step by Step Solution
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