The following account information, in alphabetical order, was taken from the work sheet of Compu-Soft...
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Accounting
The following account information, in alphabetical order, was taken from the work sheet of Compu-Soft for the month ended November 30, 2020. Account 201 Accounts payable 106 Accounts receivable 166 Accumulated depreciation, store equipment 101 Cash 502 Cost of goods sold 612 Depreciation expense, store equipment 301 Peter Delta, capital Peter Delta, withdrawals 406 Rent revenue 413 Sales 415 Sales discounts 414 Sales returns and allowances 165 Store equipment 690 Utilities expense 623 Wages expense Totals Adjusted Trial Balance Debit Credit $ 820 $ 1,270 5,300 2,450 15,500 130 3,770 5,300 3,200 30,100 50 790 7,900 2,800 7,000 $43,190 $43,190 Required: Prepare a multiple-step income statement for the month ended November 30, 2020. COMPU-SOFT Income Statement For Month Ended November 30, 2020 Operating expenses: Total operating expenses Other revenues and expenses: Analysis component: Assume that for the month ended October 31, 2020, net sales were $36,000, cost of goods sold was $23,200, and income from operations was $8,700. Calculate the company's gross profit ratios for October and November. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Gross Profit October November
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