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 Feui 17,400 15,400 19,400 20,400 41,400 13,400 56,400 29,400 94,800 2.100

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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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
17,400
15,400
19,400
20,400
41,400
13,400
56,400
29,400
94,800
2,400
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 17,400 15,400 19,400 20,400 41,400 13,400 56,400 29,400 94,800 2,400
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