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Single-Step Income Statement The following income statement items, arranged in alphabetical order, are taken from the records of Rockmore Inc. for the current year: Advertising
Single-Step Income Statement
The following income statement items, arranged in alphabetical order, are taken from the records of Rockmore Inc. for the current year:
Advertising expense | $1,500 | Interest expense | $1,400 | ||
Commissions expense | 2,415 | Interest revenue | 1,340 | ||
Cost of goods sold | 29,200 | Rent revenue | 6,700 | ||
Depreciation expenseoffice | Salaries and wages expenseoffice | 12,560 | |||
building | 2,900 | Sales revenue | 51,200 | ||
Income tax expense | 1,540 | Supplies expenseoffice | 890 | ||
Insurance expensesalesperson's | |||||
auto | 2,250 |
Prepare a single-step income statement for the current year.
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