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Problem 2 -- Place the following information into a Multistep Income Statement Use Dollar Signs and double underlines where needed I have made a 3
Problem 2 -- Place the following information into a Multistep Income Statement | |||||
Use Dollar Signs and double underlines where needed | |||||
I have made a 3 column format for you and started with Sales | |||||
Sales | 35,000 | ||||
Interest Revenue | 2,000 | ||||
Sales Salaries Exp. | 5,000 | ||||
Selling Utlities and Rent Exp. | 3,000 | ||||
Selling Misc. Exp. | 1,000 | ||||
Store Equipment Depreciation | 200 | ||||
Administrative Salaries Exp. | 6,000 | ||||
Administrative Utilites & Rent Exp. | 2,000 | ||||
Administrative Misc. Exp. | 1,000 | ||||
Office Equipment Deprecation | 300 | ||||
Interest Expense | 1,000 | ||||
COMS | 10,000 | ||||
Smith Company | |||||
Income Statement | |||||
For the Year Ended December 31, 20XX | |||||
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