The results of operations of Columbia Co for the year ended December 31 2017 follow Account Balance
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Question:
The results of operations of Columbia Co for the year ended December 31 2017 follow
Account Balance
Advertising Expense 16000
Beginning Retained Earnings 55000
Commissions on Sales 22500
Cost of Goods Sold 270000
Depreciation Expense 12000
Dividends Declared 25000
Ending Retained Earnings Insurance Expense 8000
Interest Expense 10000
Repairs and Maintenance 15000
Sales 450000 Sales
Persons Salaries 26500
Income tax rate 3500
Required
Prepare a multiple-step income statement.
Related Book For
Posted Date: