Question: Can you answer and explain the last part For the year-ended December 31, 20xx 4 Sales s Cost of goods sold 5 Gross Profit $1,350,250
For the year-ended December 31, 20xx 4 Sales s Cost of goods sold 5 Gross Profit $1,350,250 616,000 734,250* Operating expenses Selling expenses Administrative and general expenses Depreciation expense -building Depreciation expense equipment Insurance expense Total operating expenses Income from Operations Other revenue Interest revenue Other expense and loss Interest expense 186,000 97,000 12,000 9,375 9,000 313,375 420,875 * 96,850 67,500 Journal Entries General Ledger Adjusted TB St. of Income Statement For the year-ended December 31, 20xx 4 Sales s Cost of goods sold 5 Gross Profit $1,350,250 616,000 734,250* Operating expenses Selling expenses Administrative and general expenses Depreciation expense -building Depreciation expense equipment Insurance expense Total operating expenses Income from Operations Other revenue Interest revenue Other expense and loss Interest expense 186,000 97,000 12,000 9,375 9,000 313,375 420,875 * 96,850 67,500 Journal Entries General Ledger Adjusted TB St. of Income Statement
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