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Save-the-Earth Co. reports the following income statement accounts for the year ended December 31. Sales discounts $ 780 Office salaries expense 2,300 Rent expenseOffice space
Save-the-Earth Co. reports the following income statement accounts for the year ended December 31.
Sales discounts | $ | 780 |
Office salaries expense | 2,300 | |
Rent expenseOffice space | 1,800 | |
Advertising expense | 560 | |
Sales returns and allowances | 280 | |
Office supplies expense | 560 | |
Cost of goods sold | 9,600 | |
Sales | 26,000 | |
Insurance expense | 1,300 | |
Sales staff salaries | 2,800 | |
Required:
Prepare a multiple-step income statement for the year ended December 31.
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