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Use the information below and prepare the Multi-Step Income Statement for Hot Place on August 31. Sales $1,100,000 Interest Revenue 25 Sales Discounts 25,000 Sales
Use the information below and prepare the Multi-Step Income Statement for Hot Place on August 31.
Sales | $1,100,000 |
Interest Revenue | 25 |
Sales Discounts | 25,000 |
Sales Returns and Allowances | 30,000 |
Cost of Goods Sold | 790,000 |
Delivery Expense | 1,625 |
Sales Salaries Expense | 115,000 |
Office Supplies Expense | 4,700 |
Store Supplies Expense | 600 |
Admin Salaries Expense | 400 |
Depreciation Expense - Store Trucks | 500 |
Depreciation Expense - Office Equipment | 400 |
Rent Expense - Selling | 350 |
Rent Expense - Office | 2,200 |
Interest Expense | 5 |
Office Insurance Expense | 375 |
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