A Merchandising Company incurred the following costs during 2018. Prepare an Income Statement for 2018. Sales Revenue Purchases of Merchandise Salaries, Sales Staff Rent, Sales Facility Utilities Supplies Advertising € 450,000 85.000 75,000 45.000 12,000 6,500 13.300 Beginning and ending merchandise inventories were: Merchandise Inventory, Jan 1 2018 Merchandise Inventory, Dec 31 2018 25,000 14.000

A Merchandising Company incurred the following costs during 2018. Prepare an Income Statement for 2018. Sales Revenue Purchases of Merchandise Salaries, Sales Staff Rent, Sales Facility Utilities Supplies Advertising € 450,000 85.000 75,000 45.000 12,000 6,500 13.300 Beginning and ending merchandise inventories were: Merchandise Inventory, Jan 1 2018 Merchandise Inventory, Dec 31 2018 25,000 14.000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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