The adjusted trial balance of McCoy Company included the


Question Description:

24.99

The adjusted trial balance of McCoy Company included the following selected accounts: Debit Credit Sales Revenue 50,000 Sales Returns and Allowances 9,500 Cost of Goods Sold 396,000 Freight-Out 2,000 Advertising Expense 15,000 Interest Expense 19,000 Salaries and Wages Expense 84,000 Utilities Expense 23,000 Depreciation Expense 3,500 Interest Revenue 25,000 (A) Use the above information to prepare a multi-step income statement for the year ended December 31, 2014. (List other revenues before other expenses) MCCOY COMPANY Income Statement For the year ended December 31, 2014 X________________________ X ______________________ X_________ X_________________________ X_____________ X_________________________ X_____________ X______________________________ X___________________ X__________________ X___________________ X______________________________ x____________________ X______________________________ x____________________ X_____________________ X________________ X_____________________ X_________________ X_____________________ X_________________ X_____________________ X_________________ X_____________________ X_________________ X__________________________ X____________________ X__________________________ X_____________________ X__________________________ X______________________ X___________________ X______________________ X___________________________ X______________ X_____________________ X_____________________________ X_____________________ Please disregard this grid

Answer

24.99