The following data were summarized from the accounting records for Jersey Coast Construction Company for...
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Accounting
The following data were summarized from the accounting records for Jersey Coast Construction Company for the year ended June 30, 20Y8:
Cost of goods sold:
Commercial Division
$915,000
Residential Division
452,025
Administrative expenses:
Commercial Division
$152,000
Residential Division
129,000
Service department charges:
Commercial Division
$112,380
Residential Division
68,400
Sales:
Commercial Division
$1,364,500
Residential Division
746,000
Required:
Prepare divisional income statements for Jersey Coast Construction Company. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries.
Prepare divisional income statements for Jersey Coast Construction Company. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Score: 33/89 Jersey Coast Construction Company Divisional Income Statements For the Year Ended June 30, 20Y8 Commercial Residential Division Division 2 Sales 3 Cost of goods sold 4Gross profit 5 Administrative expenses 6ncome from operations before service department charges 7 Service department charges 8 Income from operations
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