For the Year Ended December 31, 2020 Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Selling Expenses: Salaries Expense Rent Expense Advertising Expense Total Selling Expenses...


For the Year Ended December 31, 2020<br>Sales Revenue<br>Cost of Goods Sold<br>Gross Profit<br>Operating Expenses<br>Selling Expenses:<br>Salaries Expense<br>Rent Expense<br>Advertising Expense<br>Total Selling Expenses<br>Administrative Expenses:<br>Salaries Expense<br>Insurance Expense<br>Rent Expense<br>Deprecaition Expense<br>Total Administrative Expenses<br>Total Operating Expenses<br>Operating Income<br>Other Income and Expenses<br>Sales Discounts Forfeited<br>125,466<br>45,167<br>80,299<br>2,615<br>725<br>3,340<br>12,543<br>2,563<br>1,562<br>1,253<br>17,921<br>21,261<br>59,038<br>1,575<br>(265)<br>Interest Expenses<br>Total Other Income and Expenses<br>Net Income<br>1,310<br>57.728<br>What type of financial statement is this?<br>Statement of Owner's Equity<br>Multiple-step Income Statement<br>Balance Sheet<br>O Single-step Income Statement<br>

Extracted text: For the Year Ended December 31, 2020 Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Selling Expenses: Salaries Expense Rent Expense Advertising Expense Total Selling Expenses Administrative Expenses: Salaries Expense Insurance Expense Rent Expense Deprecaition Expense Total Administrative Expenses Total Operating Expenses Operating Income Other Income and Expenses Sales Discounts Forfeited 125,466 45,167 80,299 2,615 725 3,340 12,543 2,563 1,562 1,253 17,921 21,261 59,038 1,575 (265) Interest Expenses Total Other Income and Expenses Net Income 1,310 57.728 What type of financial statement is this? Statement of Owner's Equity Multiple-step Income Statement Balance Sheet O Single-step Income Statement

Jun 10, 2022
SOLUTION.PDF
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here
Have files?