Prepare a multi-step income statement for Surry Co beginning with the following data year ending December 31,
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Cost of goods sold $670,000
Administrative expense $30,000
Interest expense $12,000
Rental income $19,000
Return sales and discounts $55,000
Selling expenses $120,000
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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