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The following information is found on the adjusted trial balance of [YOUR NAME] company as of 12/31/2020: Debit Credit $580,000 Sales Revenue Sales Returns and
The following information is found on the adjusted trial balance of [YOUR NAME] company as of 12/31/2020: Debit Credit $580,000 Sales Revenue Sales Returns and Allowances Cost of Goods Sold Freight-Out Interest Expense Wages Expense Selling and General Expenses Depreciation Expense Gain on Sale of Equipment Dividends Interest Revenue Retained Earnings $15,500 300,000 2,000 8,000 94,000 18,000 24,000 2,000 10,000 27,000 125,000 Use this information to prepare the 2020 multi-step income statement for [YOUR NAME] in good form
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