Use the data below to prepare the multi-step income statement of Silhouette Research for the year...
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Use the data below to prepare the multi-step income statement of Silhouette Research for the year ended January 31, 2020. (Click the icon to view the closing entries.) Complete the multi-step income statement section-by-section as presented to you. (Use parentheses or a minus sign for a net loss.) UG i Closing entries Date January January January January Journal Entry Accounts 31 Sales Revenue Income Summary 31 Income Summary Sales Discounts Cost of Goods Sold Selling Expense General Expense Interest Expense 31 Income Summary B. Brewer, Capital 31 B. Brewer, Capital B. Brewer, Withdrawals Print Done Debit 443,000 354,200 88,800 34,000 Credit 443,000 5,500 256,000 46,000 44,000 2,700 88,800 34,000 X Net sales revenue Gross margin Operating expenses Operating Income Other expense Net income (loss) Use the data below to prepare the multi-step income statement of Silhouette Research for the year ended January 31, 2020. (Click the icon to view the closing entries.) Complete the multi-step income statement section-by-section as presented to you. (Use parentheses or a minus sign for a net loss.) UG i Closing entries Date January January January January Journal Entry Accounts 31 Sales Revenue Income Summary 31 Income Summary Sales Discounts Cost of Goods Sold Selling Expense General Expense Interest Expense 31 Income Summary B. Brewer, Capital 31 B. Brewer, Capital B. Brewer, Withdrawals Print Done Debit 443,000 354,200 88,800 34,000 Credit 443,000 5,500 256,000 46,000 44,000 2,700 88,800 34,000 X Net sales revenue Gross margin Operating expenses Operating Income Other expense Net income (loss)
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Related Book For
Fundamental financial accounting concepts
ISBN: 978-0078025365
8th edition
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
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