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Question 2 The following listed below were extracted from the records of Sulphur Co on 31December 2018 Administrative expense: Officers' salaries Depreciation Cost of goods sold Rental revenue Selling expense: Transportation-out Sales commissions Depreciation $ 2,900 3,000 79,000 20,000 7,000 2,000 6,000 Sales Income tax expense Interest expense Prepare income statement 139,000 12,000 3,000

Question 2 The following listed below were extracted from the records of Sulphur Co on 31December 2018 Administrative expense: Officers' salaries Depreciation Cost of goods sold Rental revenue Selling expense: Transportation-out Sales commissions Depreciation $ 2,900 3,000 79,000 20,000 7,000 2,000 6,000 Sales Income tax expense Interest expense Prepare income statement 139,000 12,000 3,000

FINANCIAL ACCOUNTING
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 2 The following listed below were extracted from the records of Sulphur Co on 31December 2018 Administrative expense: Officers' salaries Depreciation Cost of goods sold Rental revenue Selling expense: Transportation-out Sales commissions Depreciation $ 2,900 3,000 79,000 20,000 7,000 2,000 6,000 Sales Income tax expense Interest expense Prepare income statement 139,000 12,000 3,000
Transcribed Image Text:Question 2 The following listed below were extracted from the records of Sulphur Co on 31December 2018 Administrative expense: Officers' salaries Depreciation Cost of goods sold Rental revenue Selling expense: Transportation-out Sales commissions Depreciation $ 2,900 3,000 79,000 20,000 7,000 2,000 6,000 Sales Income tax expense Interest expense Prepare income statement 139,000 12,000 3,000
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