Please help, for Accounting 201. The adjusted trial balance of McCoy Company...
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Accounting
Please help, for Accounting 201.
The adjusted trial balance of McCoy Company included the following selected accounts Debit Credit $585,000 Sales Sales Returns and Allowances Sales Discounts Cost of Goods Sold Freight-out Advertising Expense Interest Expense Store Salaries Expense Utilities Expense Depreciation Expense nterest Revenue 50,000 9,500 347,000 2,000 15,000 19,000 74,000 18,000 3,500 25,000 Instructions 1. Use the above information to prepare a multiple-step income statement for the year ended December 31 2016 2. Calculate the profit margin ratio
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