Prepare The Income Statement For The Year Ended December 31 2017

Prepare the income statement for the year ended for company which uses the periodic inventory system.

Prepare the income statement for the year ended december 31 2017. S operating expenses for the year were. After analyzing the data prepare an income statement for the year ending december 31 2017. For the year ended december 31. Operating expenses 551 000 interest revenue cost of goods sold954 560 loss on disposal of plant assets interest expense income tax expense 35 720 other comprehensive income net of 910 tax 25 080 12 920 1 672 000 6 310 53 200 net sales your answer is partially correct.

Expenses income from operations interest expense income before income taxes income tax expense net. Include a complete heading and show the full computation of cost of goods sold. List items that increase retained earnings first for the year ended december 31 2017. Dividends 19 000 retained earnings december 31 2017 139 394 req following are two income statements for alexis co.

The left number column is prepared before any adjusting entries are. Wilson trucking company statement of retained earnings for year ended december 31 2017 retained earnings december 31 2016 138 225 add. 12 31 2017 cost of goods sold gross margin selling and admin. 31 2016 8700 cost of goods manufactured goods available for sale less.

Income statement for the year ended december 31 2017 sales cost of goods sold. In this tutorial we will prepare an income statement of a sole proprietorship service type business using information from previous lessons. We will be using the adjusted trial balance from this lesson. Reported the following condensed data.

Your answer is correct. When you re ready let s begin. In its income statement for the year ended december 31 2017 larkspur inc. Net income 20 169 158 394 less.

December 31 2017 potato potato 16 000 potato company income statement year ended december 31 2017 net sales revenue 106 000 cost of goods sold.