FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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. Presented below is information for Zales Company for the month of January 20XX.
Cost of goods sold $280,000 Rent expense $35,000
Freight-out 7,000 Sales discounts 8,000
Insurance expense 12,000 Sales returns and allowances 13,000
Salaries and wages expense 42,000 Sales revenue 421,000
Instructions: Prepare a multiple-step income statement.
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