The following data were summarized from the accounting records for South Seas Coast Construction Company for the year ended June 30, 20Y8: Cost of goods sold: Service department charges: Commercial Division $551,130 Commercial Division $75,150 Residential Division 280,570 Residential Division 48,600 Administrative expenses: Sales: Commercial Division $100,200 Commercial Division $835,040 Residential Division 100,200 Residential Division 501,020 Prepare divisional income statements for South Seas Coast Construction Company. South Seas Coast Construction Company Divisional Income Statements For the Year Ended June 30, 20Y8 Commercial Division Residential Division
The following data were summarized from the accounting records for South Seas Coast Construction Company for the year ended June 30, 20Y8: Cost of goods sold: Service department charges: Commercial Division $551,130 Commercial Division $75,150 Residential Division 280,570 Residential Division 48,600 Administrative expenses: Sales: Commercial Division $100,200 Commercial Division $835,040 Residential Division 100,200 Residential Division 501,020 Prepare divisional income statements for South Seas Coast Construction Company. South Seas Coast Construction Company Divisional Income Statements For the Year Ended June 30, 20Y8 Commercial Division Residential Division
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Divisional Income Statements
The following data were summarized from the accounting records for South Seas Coast Construction Company for the year ended June 30, 20Y8:
| Cost of goods sold: | Service department charges: | |||||
| Commercial Division | $551,130 | Commercial Division | $75,150 | |||
| Residential Division | 280,570 | Residential Division | 48,600 | |||
| Administrative expenses: | Sales: | |||||
| Commercial Division | $100,200 | Commercial Division | $835,040 | |||
| Residential Division | 100,200 | Residential Division | 501,020 |
Prepare divisional income statements for South Seas Coast Construction Company.
| South Seas Coast Construction Company | ||
| Divisional Income Statements | ||
| For the Year Ended June 30, 20Y8 | ||
| Commercial Division |
Residential Division |
|
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