Question
Presented below is information forPharoahCompany for the month of January 2022. Cost of goods sold$287,000Rent expense$31,000Freight-out7,400Sales discounts7,000Insurance expense12,600Sales returns and allowances12,000Salaries and wages expense48,000Sales revenue426,000
Presented below is information forPharoahCompany for the month of January 2022.
Cost of goods sold$287,000Rent expense$31,000Freight-out7,400Sales discounts7,000Insurance expense12,600Sales returns and allowances12,000Salaries and wages expense48,000Sales revenue426,000
Prepare an multiple-step income statement.
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Essentials Of Accounting
Authors: Leslie Breitner, Robert Anthony
11th Edition
0132744376, 978-0132744379
