Prepare an income statement for Rex Manufacturing for the year ended December 31 using the following information. Hint. Not all information given is needed for the solution. Finished goods inventory, ending deneral and administrative expenses Accounts receivable Finished goods inventory, beginning Cost of goods manufactured Selling expenses Cash Land Sales Equipment $ 17,300 15,300 19,300 20,300 41,300 13,300 56,300 29,300 94,600 2,300

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter15: Financial Statements And Year-end Accounting For A Merchandising Business
Section: Chapter Questions
Problem 3SEA: MULTIPLE-STEP INCOME STATEMENT Use the following information to prepare a multiple-step income...
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Prepare an income statement for Rex Manufacturing for the year ended December 31 using the following information. Hint. Not all
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
$ 17,300
15,300
19,300
20,300
41,300
13,300
56,300
29,300
94,600
2,300
Transcribed Image Text:Prepare an income statement for Rex Manufacturing for the year ended December 31 using the following information. Hint. Not all 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 $ 17,300 15,300 19,300 20,300 41,300 13,300 56,300 29,300 94,600 2,300
Cost of goods sold
REX MANUFACTURING
Income Statement
For Year Ended December 31
Transcribed Image Text:Cost of goods sold REX MANUFACTURING Income Statement For Year Ended December 31
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