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Homework answers / question archive / Fit-for-Life Foods reports the following income statement accounts for the year ended December 31 Gain on sale of equipment  $6,190 Office supplies expense 700 Insurance expenses 1360 Depreciation expense-office copier 560 Sales discounts 16,900 Sales returns and allowances nsurance expense4100 Sales 227,000 Office salaries expense31,100 Rent expense-Selling space 12,000 Sales staff wages 23,800 TV advertising expense3500 Interest revenue 650 Cost of goods sold 88,700 Sales commission expense 13600 Prepare a multiple-step income statement

Fit-for-Life Foods reports the following income statement accounts for the year ended December 31 Gain on sale of equipment  $6,190 Office supplies expense 700 Insurance expenses 1360 Depreciation expense-office copier 560 Sales discounts 16,900 Sales returns and allowances nsurance expense4100 Sales 227,000 Office salaries expense31,100 Rent expense-Selling space 12,000 Sales staff wages 23,800 TV advertising expense3500 Interest revenue 650 Cost of goods sold 88,700 Sales commission expense 13600 Prepare a multiple-step income statement

Accounting

Fit-for-Life Foods reports the following income statement accounts for the year ended December 31

Gain on sale of equipment  $6,190

Office supplies expense 700

Insurance expenses 1360

Depreciation expense-office copier 560

Sales discounts 16,900

Sales returns and allowances nsurance expense4100

Sales 227,000

Office salaries expense31,100

Rent expense-Selling space 12,000

Sales staff wages 23,800

TV advertising expense3500

Interest revenue 650

Cost of goods sold 88,700

Sales commission expense 13600

Prepare a multiple-step income statement.

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