Solution-Prepare an income statement for february

Prepare an income statement for february

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Reference no: EM13516411

Prepare Statements for a Merchandising Company

Powell Street Electronics has provided the following information for February:

Sales revenue	$ 807,000
Store rent	43,600
Store utilities	27,100
Administrative costs	57,750
Sales commissions	128,300
Merchandise purchases	545,500
Transportation-in costs	21,200
Merchandise inventory, February 1	37,100
Merchandise inventory, February 28	41,800

Required

Prepare an income statement for February with a supporting cost of goods sold statement.

Reference no: EM13516411

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Prepare an income statement for february

Reference no: EM13516411

Reference no: EM13516411

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