Class work oct 24 2019.xlsx - Account Title sales revenue Interest revenue Gain in sale of investments COGS Restructuring costs Admin Exp Selling exp

Class work oct 24 2019.xlsx - Account Title sales revenue...

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Account Title Debit Credit sales revenue $ 3,400,000 Interest revenue $ 35,000 Gain in sale of investments $ 30,000 COGS $ 2,250,000 Restructuring costs $ 400,000 Admin Exp $ 450,000 Selling exp $ 150,000 Interest Exp $ 20,000 500,000 shares of common stock were outstanding throughout 2016. Income tax expense has not et been a Apex Computer Corperation Single Step Income Statement For the Year edning December 31, 2016 Revenues and Gains: Sales Revenue $ 3,400,000 Gains on investments $ 30,000 Total revenues and gains $ 3,430,000 Expenses and losses: COGS $ 2,250,000 General and admin exp $ 450,000 interest exp $ 20,000 Selling exp $ 150,000 Total Expenses and losses $ 2,870,000 Income before tax Income tax expense Net Income Apex Computer Corperation Multi Step Income Statement For the year ending december 31, 2016
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