Wildhorse Co. had the following account balances: Sales revenue $446600 Cost of goods sold 226000 Salaries...

 

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Wildhorse Co. had the following account balances: Sales revenue $446600 Cost of goods sold 226000 Salaries and wages expense 29700 Depreciation expense 60300 Dividend revenue 7300 Utilities expense 21700 Rent revenue 60300 Interest expense 38800 Sales returns and allow. 28800 Advertising expense 48000 What would Wildhorse report as total revenues in a single-step income statement? Wildhorse Co. had the following account balances: Sales revenue $446600 Cost of goods sold 226000 Salaries and wages expense 29700 Depreciation expense 60300 Dividend revenue 7300 Utilities expense 21700 Rent revenue 60300 Interest expense 38800 Sales returns and allow. 28800 Advertising expense 48000 What would Wildhorse report as total revenues in a single-step income statement?

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Answer In a singlestep income statement all revenue accounts are added together to find the tot... View the full answer