Newman Department Store

Newman Department Store - Sales Discounts 22,000...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Below is a partial listing of the adjusted account balances of Newman Department Store at year-end on December 31, 2003. Accounts Receivable $ 19,000 Cost of Goods Sold 240,000 Selling Expenses (includes depreciation) 35,000 Interest Expense 1,000 Accumulated Depreciation—Building 10,000
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Sales Discounts 22,000 Merchandise Inventory 45,000 Administrative Expenses (includes depreciation) 25,000 Sales 340,000 Accounts Payable 14,000 Interest Revenue 800 Instructions Using whatever data you believe appropriate, prepare a multiple-step income statement for Newman Department Store for the year ended December 31, 2003....
View Full Document

Ask a homework question - tutors are online