Question: Income statement Exercise 5A-9 a-b (Part Level Submission) Presented below is information for Flint Company for the month of March 2017. Purchases Freight-in Purchase returns
Income statement



Exercise 5A-9 a-b (Part Level Submission) Presented below is information for Flint Company for the month of March 2017. Purchases Freight-in Purchase returns and allowances Salaries and wages expense $223,632 6,000 7,000 57,000 Rent expense Sales discounts Sales returns and allowances Sales revenue $ 32,000 8,000 12,000 406,000 Beginning inventory was $41,000, and ending inventory was $66,000. FLINT COMPANY Income Statement For the Month Ended March 31, 2017 Sales Sales Revenue 405,000 000 Less . Sales Discounts 8,000 Sales Returns and Allowances 20000 386,000 X X LLLLLLLLLLLLLLLLLLLLLLLLLLL Net Income / (Loss) Click if you would like to Show Work for this questionOnen Show Work
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
