19)Montana Co. had the following account balances:Sales reveäueCost of goods soldSalaries and wages expenseDepreciation expenseDividend revenueUtilities expenseRent revenueInterest expenseSales returns and allowancesAdvertising expenseS 180,00090,00015,00030,0006,00012,00030,00018,00016,50019,500What would Montana report as total expense in a single-step income statement?20)Gross billings for merchandise sold by Gomez Company to its customers lastyear amounted to $12.720,000; sales returns and allowances were $370,000, salesdiscounts were S175.000, and freight-out was $140,000. Net sales last year forGomez Company were?

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Montana Co. had the following account balances: Sales revenue Cost of goods sold Salaries and wages expense Depreciation expense Dividend revenue Utilities expense Rent revenue Interest expense Sales returns and allowvances Advertising expense $ 180.000 90,000 15.000 30,000 6,000 12,000 30,000 18,000 16,500 19,500

Montana Co. had the following account balances: Sales revenue Cost of goods sold Salaries and wages expense Depreciation expense Dividend revenue Utilities expense Rent revenue Interest expense Sales returns and allowvances Advertising expense $ 180.000 90,000 15.000 30,000 6,000 12,000 30,000 18,000 16,500 19,500

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter12: Financial Statements, Closing Entries, And Reversing Entries

Section: Chapter Questions

Problem 3E: Identify each of the following items relating to sections of an income statement as Revenue from...

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