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Single-Step Income Statement Summary operating data for Custom Wire & Tubing Company during the year ended April 30, 2019, are as follows: cost of merchandise
Single-Step Income Statement
Summary operating data for Custom Wire & Tubing Company during the year ended April 30, 2019, are as follows: cost of merchandise sold, $331,700; administrative expenses, $41,200; interest expense, $25,000; rent revenue, $82,400; sales, $535,600; and selling expenses, $61,800.
Prepare a single-step income statement.
Custom Wire & Tubing Company | ||
Income Statement | ||
For the Year Ended April 30, 2019 | ||
Revenues: | ||
$ | ||
Total revenues | $ | |
Expenses: | ||
$ | ||
Total expenses | ||
$z |
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