car stuff.inc net sales-13,000 cost of goods sold-3,000 salary and wage expense-1,200 utility expense-300 advertisement expense-200 rent revenue-1,600 interest revenue-720 insurance expense-330 interest expense-280

car stuff.inc net sales-13,000 cost of goods sold-3,000 salary and wage expense-1,200 utility expense-300 advertisement expense-200 rent revenue-1,600 interest revenue-720 insurance expense-330 interest expense-280

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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Question

Please see the picture below. Use the accounts listed and create a multi-step income statement. I need help with this.

car stuff.inc
net sales-13,000
cost of goods sold-3,000
salary and wage expense-1,200
utility expense-300
advertisement expense-200
rent revenue-1,600
interest revenue-720
insurance expense-330
interest expense-280

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