Question: Problem 2 -- Place the following information into a Multistep Income Statement Use Dollar Signs and double underlines where needed I have made a 3
| Problem 2 -- Place the following information into a Multistep Income Statement | |||||
| Use Dollar Signs and double underlines where needed | |||||
| I have made a 3 column format for you and started with Sales | |||||
| Sales | 35,000 | ||||
| Interest Revenue | 2,000 | ||||
| Sales Salaries Exp. | 5,000 | ||||
| Selling Utlities and Rent Exp. | 3,000 | ||||
| Selling Misc. Exp. | 1,000 | ||||
| Store Equipment Depreciation | 200 | ||||
| Administrative Salaries Exp. | 6,000 | ||||
| Administrative Utilites & Rent Exp. | 2,000 | ||||
| Administrative Misc. Exp. | 1,000 | ||||
| Office Equipment Deprecation | 300 | ||||
| Interest Expense | 1,000 | ||||
| COMS | 10,000 | ||||
| Smith Company | |||||
| Income Statement | |||||
| For the Year Ended December 31, 20XX | |||||
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