The results of operations of Columbia Co for the year ended December 31 2017 follow Account Balance

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The results of operations of Columbia Co for the year ended December 31 2017 follow

Account Balance

Advertising Expense 16000

Beginning Retained Earnings 55000

Commissions on Sales 22500

Cost of Goods Sold 270000

Depreciation Expense 12000

Dividends Declared 25000

Ending Retained Earnings Insurance Expense 8000

Interest Expense 10000

Repairs and Maintenance 15000

Sales 450000 Sales

Persons Salaries 26500

Income tax rate 3500

Required

Prepare a multiple-step income statement.

Related Book For answer-question

Survey of Accounting

ISBN: 978-1305961883

8th edition

Authors: Carl S. Warren

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Posted Date: Jan 09, 2021 08:08 PM

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The results of operations of Columbia Co for the year ended December 31 2017 follow Account Balance

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Multislep Income 5tatemeup Sale Co of Good Sold 45va... View the full answer

Survey of Accounting

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