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The adjusted trial balance of Sheridan Company included the following selected accounts: Debit Credit Sales Revenue $ 630,000 Sales Returns and Allowances $ 53,000 Sales
The adjusted trial balance of Sheridan Company included the following selected accounts: Debit Credit Sales Revenue $ 630,000 Sales Returns and Allowances $ 53,000 Sales Discounts 9,100 Cost of Goods Sold 409,000 Freight-Out 2,100 Advertising Expense 17,900 Interest Expense 20,200 Salaries and Wages Expense 84,000 Utilities Expense 23,000 Depreciation Expense 3,200 Interest Revenue 26,600 (a) Use the above information to prepare a multiple-step income statement for the year ended December 31, 2022. (List other revenues before other expenses.) SHERIDAN COMPANY Income Statement For the Year Ended December 31, 2022 Net Sales $ Add : $ Total Revenues $ $ List of Accounts Save for Later Last saved 12 minutes ago. Attempts: 0 of 1 used Submit Answer Saved work will be auto-submitted on the due date. Auto-submission can take up to 10 minutes
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