Question: prepare a multi step income statement Exercise 5-9 Presented below is information for Furlow Company for the month of March 2015. Cost of goods sold

prepare a multi step income statement Exercise 5-9 Presented below is

prepare a multi step income statement

Exercise 5-9 Presented below is information for Furlow Company for the month of March 2015. Cost of goods sold Freight-out Insurance expense Salaries and wages expense $222,420 6,720 5,450 55,710 Rent expense Sales discounts Sales returns and allowances Sales revenue 30,250 8,430 12,060 392,340 Prepare a multiple-step income statement. FURLOW COMPANY Income Statement For the Month Ended March 31, 2015

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