Using the following information, prepare an income statement Cost of goods sold . . . . .
Question:
Cost of goods sold . . . . . . . . . $ 7,300
Interest expense . . . . . . . . . . . 1,200
Wage expense . . . . . . . . . . . . 900
Cash . . . . . . . . . . . . . . . . . . . . 600
Sales . . . . . . . . . . . . . . . . . . . . 12,000
Accounts payable . . . . . . . . . . 400
Accounts receivable . . . . . . . . 750
Retained earnings . . . . . . . . . . 3,300
Income tax expense . . . . . . . . . 800
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Related Book For
Financial Accounting
ISBN: 978-0324645576
10th edition
Authors: W. Steve Albrecht, James D. Stice, Earl K. Stice
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