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Presented below is information for Blue Ribbon Company for the month of December 2020. ...

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Accounting

Presented below is information for Blue Ribbon Company for the month of December 2020.

Cost of goods sold 270,000 Supplies expense 10,000
freight-out 20,000 sales discount 5,000
depreciation expense 10,000 sales return and allowances 9,000
rent expense 50,000 Sales revenue 510,000

Instructions: Prepare an income statement for the month ended December 31, 2020

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