. Use the accounts listed to create a multistep income statement.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please see below. Use the accounts listed to create a multistep income statement.

Transcribed Image Text:Jacob's Footwear Inc.
For the month ended February 28, 2022
Sales Revenue - $828,000
Salaries and Wages Expense - $20,000
Rent Expense - $10,000
Insurance Expense - $8,000
Freight-Out - $5,000
Income Tax Expense - $2,000
Cost of Goods Sold - $32,000
Gains on Disposal of Plant Assets - $200
Interest Expense - $600
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