Prepare an income statement for Rex Manufacturing for the year ended December 31 using the following information. Hirm information given is needed for the solution. Finished goods inventory, ending General and administrative expenses Accounts receivable. Finished goods inventory, beginning Cost of goods manufactured: Selling expenses Cash Land Sales Equipment $ 16,100 14,100 18,100 19,100 40,100 12,100 55,100 28,100 92,200 1,100

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Chapter1: Financial Statements And Business Decisions
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QS 18-11 (Algo) Preparing an income statement LO P1
Prepare an income statement for Rex Manufacturing for the year ended December 31 using the following information. Hirm
information given is needed for the solution.
Finished goods inventory, ending
General and administrative expenses.
Accounts receivable
Finished goods inventory, beginning
Cost of goods manufactured
selling expenses
Cash
Land
Sales
Equipment
$ 16,100
14,100
18,100
19,100
40,100
12,100
55,100
28,100
92,200
1,100
4
Transcribed Image Text:QS 18-11 (Algo) Preparing an income statement LO P1 Prepare an income statement for Rex Manufacturing for the year ended December 31 using the following information. Hirm information given is needed for the solution. Finished goods inventory, ending General and administrative expenses. Accounts receivable Finished goods inventory, beginning Cost of goods manufactured selling expenses Cash Land Sales Equipment $ 16,100 14,100 18,100 19,100 40,100 12,100 55,100 28,100 92,200 1,100 4
ces
equipmen
Cost of goods sold
REX MANUFACTURING
Income Statement
For Year Ended December 31
1,100
Transcribed Image Text:ces equipmen Cost of goods sold REX MANUFACTURING Income Statement For Year Ended December 31 1,100
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