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son Company contained the following information Sales Revenue $780,000 Sales Returns and Allowances 25,000 Sales Discounts 5000 Cost of Goods Sold 423,000 Freight-Out 5,000 Utilities
son Company contained the following information
Sales Revenue $780,000
Sales Returns and Allowances 25,000
Sales Discounts 5000
Cost of Goods Sold 423,000
Freight-Out 5,000
Utilities Expense 32,000
Fees Revenue 27,000
Advertising Expense 25,000
Electricity Expense 20,000
Salaries and Wages Expense 65,000
Depreciation Expense 14,000
Instructions
1. Use the above information to prepare a multiple-step income statement for the year ended December 31, 2020.
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