Question
The following information is available for Quayle Company: Sales$600,000 Sales Returns and Allowances20,000 Cost of Goods Sold398,000 Selling Expense69,000 Administrative Expense25,000 Interest Expense19,000 Interest Revenue20,000
The following information is available for Quayle Company:
Sales$600,000
Sales Returns and Allowances20,000
Cost of Goods Sold398,000
Selling Expense69,000
Administrative Expense25,000
Interest Expense19,000
Interest Revenue20,000
Instructions
- Use the above information to make amultiple-step income statementfor the year ended December 31, 2016.
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh
4th Canadian edition
978-1259269868, 978-1259103292
