FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Presented below is information for Ayayai Company for the month of March 2020.
Cost of goods sold | $212,100 | Rent expense | $30,100 | |||
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Freight-out | 6,010 | Sales discounts | 7,010 | |||
Insurance expense | 5,100 | Sales returns and allowances | 12,010 | |||
Salaries and wages expense | 55,100 | Sales revenue | 385,000 |
(a)
Prepare a multiple-step income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
AYAYAI COMPANY
Income Statement Choose the accounting period |
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Select an opening name for section one
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Enter an income statement item
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$Enter a dollar amount
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Select between addition and deduction :
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Enter an income statement item |
$Enter a dollar amount
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Enter an income statement item
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Enter a dollar amount | ||
Enter a total of the two previous amounts | |||
Select a closing name for section one
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Enter a total amount for section one
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Enter an income statement item
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Enter a dollar amount | ||
Enter a summarizing line for the first part
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Enter a total amount for the first part
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Select an opening name for section two
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Enter an income statement item
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Enter a dollar amount
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Enter an income statement item
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Enter a dollar amount
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Enter an income statement item
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Enter a dollar amount
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Enter an income statement item
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Enter a dollar amount | ||
Select a closing name for section two
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Enter a total amount for section two | ||
Select a closing name for this statement
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$Enter a total net income or loss amount
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