The following events occurred during December for Christmas Cookie Company: a. Purchased and consumed $60,000 of flour,
Question:
The following events occurred during December for Christmas Cookie Company:
a. Purchased and consumed $60,000 of flour, sugar, and other ingredients for cookies sold.
b. Paid $97,500 for December wages.
c. Paid $24,000 for utilities consumed in December.
d. Sold $234,000 of cookies and received cash.
Prepare an income statement for Christmas Cookie Company.
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Related Book For 
Financial Accounting Information For Decisions
ISBN: 978-0324672701
6th Edition
Authors: Robert w Ingram, Thomas L Albright
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