Prepare an income statement for the 3M Companies for the last quarter of the year based on the following data: Net Sales P840,000 165,500 370,000 72,300 15,500 31,000 15,000 8,600 15,000 9,500 8.000 Beginning Inventory Purchases Ending Inventory Sales Return Purchase Return Rent Expense Miscellaneous Advertising Expense Utilities Expense Salaries Expense

Prepare an income statement for the 3M Companies for the last quarter of the year based on the following data: Net Sales P840,000 165,500 370,000 72,300 15,500 31,000 15,000 8,600 15,000 9,500 8.000 Beginning Inventory Purchases Ending Inventory Sales Return Purchase Return Rent Expense Miscellaneous Advertising Expense Utilities Expense Salaries Expense

Name: 3) Prepare an income statement for the 3M Companies for the last quar
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Description: 3) Prepare an income statement for the 3M Companies for the last quarter of the year based onthe following data:Net SalesP840,000165,500370,00072,300Beginning InventoryPurchasesEnding InventorySales Return15,500Purchase ReturnRent ExpenseMiscellaneo

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter17: Financial Statement Analysis

Section: Chapter Questions

Problem 5PEA

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