In 2012 Charlie Snyder opened Charlies Pets, a small retail shop selling pet supplies. On December 31,
Question:
Inventory on December 31, 2012 .... $ 10,200
Inventory on January 1, 2012 ...... 15,100
Sales revenue ............ 57,000
Utilities for shop ............ 3,900
Rent for shop ............ 4,100
Sales commissions .......... 2,150
Purchases of merchandise ....... 27,000
Requirement
1. Prepare an income statement for Charlie’s Pets, a merchandiser, for the year ended December 31, 2012.
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Req 1 Charlies Pets Income Statement Year Ended December 31 2012 Sales revenue 5700...View the full answer
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Related Book For 
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
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