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Prepare a multiple-step income statement for the month ended December 31, 2022. On December 1, 2022, Carla Vista Distributing Company had the following account balances.
Prepare a multiple-step income statement for the month ended December 31, 2022. On December 1, 2022, Carla Vista Distributing Company had the following account balances. During December, the company completed the following summary transactions. Adjustment data: 1. Salaries and wages incurred but not yet paid $800. 2. Depreciation $240 per month. 3. Supplies on hand $1,500. Durng December, the company completed the following summary transactions. Dec. Paid $2,100 for salaries and wages due employees, of which $900 is for December and $1,200 is for November sal 6 and wages payable. 8. Received $1,900 cash from customers in payment of account (no discount allowed). 10 Sold merchandise for cash $6,500. The cost of the merchandise sold was $3,800. 13 Purchased merchandise on account from Sandhill Co. $8,600, terms 2/10,n/30. 15 Purchased supplies for cash $1,800. 18 Sold merchandise on account $12,600, terms 3/10,n/30. The cost of the merchandise sold was $8,100. 20 Paid salaries and wages $1,500. 23 Paid Sandhill Co. in full, less discount. 27 Received collections in full, less discounts, from customers billed on December 18
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