Question

multi step income statement for ma and pa grocery

yes

м н о р are the multiple step Income Statement for the period ending December 31, 20xx. Ma and Pa Grocery Income Statement For the year ended 12/31/20xx es Revenue Less: Sales Returns and Allowances Sales Discounts Net Sales Revenue ost of Goods Sold oss Profit perating Expenses: Selling Expenses: Commission Expense Advertising Expense Delivery Expense General and Administrative Expenses: Office Salaries Expense Utilities Expense Rent Expense Insurance Expense Operating Income Other Revenues Expenses Interest Expense Net Income M2 Assignment DELL W s D į v

Answer 1

$322,800 $6,700 $2,200 $313,900 $158,400 $155,500 Ma and Pa Grocery Multi-Step Income Statement For the year ended 12/31/20XX Sales Less: Sales return and allowance Sales discounts Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: Selling Expenses: Commission Expense $22,300 Advertising Expense $12,600 Delivery Expense $1,300 General and Administrative Expenses: Office Salaries Expense $52,000 Utilities Expense $10,300 Rent Expense $5,800 Insurance Expense $5,700 Operating Income Other Revenues & Expenses: Interest Expense Net income $36,200 $73,800 $110,000 $45,500 $1,700 $43,800