Presented below is information for Jorge Company for the month of March 2012 Instructions(a) Prepare a multiple step income statement (b) Compute the gross profitrate Cost of goods sold Rent expense $212 000 7,000 6,000 $ 32,000 Freight out Insurance expense Salaries and wages expense Sales discoun...

a b Gross profit rate 147000 359000 4095 Sales revenues JORGE COMPANY Income Statement ...

Presented below is information for Jorge Company for the month of March 2012. Instructions(a) Prepare a multiple-step

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Presented below is information for Jorge Company for the month of March 2012.

Instructions(a) Prepare a multiple-step income statement.(b) Compute the gross profitrate.

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Accounting Principles

ISBN: 978-0470534793

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Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Oct 24, 2011 08:01 AM

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Presented below is information for Jorge Company for the month of March 2012. Instructions(a) Prepare a multiple-step

Question:

Cost of goods sold Rent expense $212.000 7,000 6,000 $ 32,000 Freight-out Insurance expense Salaries and wages expense Sales discounts Sales returns and allowances 8,000 13,000 58,000 380,000

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