QS 5-12 Preparing a multi-step income statement LO P4 Save-the-Earth Co. reports the following income statement accounts for the year ended December 31. Sales discounts $ 790 Office salaries expense 2,400 Rent expense-Office space 1,900 Advertising expense 580 Sales returns and allowances 290 Office supplies expense 580 Cost of goods sold 9,800 Sales 28,000 Insurance expense 1,400 Sales staff salaries 2,900 Required: Prepare a multiple-step income statement for the year ended December 31.
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Home » Business » QS 5-12 Preparing a multi-step income statement LO P4 Save-the-Earth Co. reports the following income statement accounts for the year ended December 31.