Using the following accounts, prepare a single-step income statement at year end, May 31, 2014: Cost of

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Using the following accounts, prepare a single-step income statement at year end, May 31, 2014: Cost of Goods Sold, $1,680; General Expenses, $900; Interest Expense, $420; Interest Income, $180; Net Sales, $4,800; Selling Expenses, $1,110.

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Principles of Accounting

ISBN: 978-1133626985

12th edition

Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson

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Question Posted: Mar 26, 2014 08:05 AM

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Using the following accounts, prepare a single-step income statement at year end, May 31, 2014: Cost of

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Principles of Accounting

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