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Using the information provided from ABC Company at the end of December 31, 2019, prepare SINGLE-STEP Income Statement, IN GOOD FORMfor the Company: Sales Discount$750
Using the information provided from ABC Company at the end of December 31, 2019, prepare SINGLE-STEP Income Statement, IN GOOD FORMfor the Company:
Sales Discount$750 Office equipment depreciation $500
Office salaries expense$2,000 Cost of goods sold $9,000
Rent Expense Office$1,500 SalesRevenue $25,000
Advertisingexpense $500 Insurance expense $1,000
Sales returns $250 Sales staff Salaries $2,500
Interest Income $800 **
** Interest income includes $200 that is unearned.
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