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Janice Corporation _ Income Statement

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Question

Question;The income statement account balances on December 31, 2013 for Janice Corporation appear below. In addition, beginning merchandise inventory was $3,000 and ending merchandise inventory was $4,000. Prepare a 2013 income statement for the company.Account Name/ BalanceSales $100,000Sales Returns and Allowances $1,500Purchases $50,000Purchases Returns and Allowances $3,000Freight- In $5,000Selling Expense $ 25,000General and Administrative Expenses$10,000Income Taxes Expense $1,800

 

Paper#38262 | Written in 18-Jul-2015

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