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    GLORIA LIGONS Posts: 0, Reputation: 1
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    Sep 3, 2007, 06:03 PM
    Multiple step income statement
    I am taking an accounting course and I need some help with preparing a multiple step income statement.

    Leroys Auto Parts

    Merchandise inventory, Jan 1, 2005 19,000
    Merchandise inventory Dec 31, 2005 21,000
    Sales 280,000
    Advertising 2,200
    Depreciation on the store 18,000
    Purchase of Merchandise 182,000
    Sales Salaries 21,000
    Store Utilites 1,200
    Depreciation on Administrative office building 4,000
    Administrative Salaries 15,000
    Administrative office utilities 600

    Please help

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