Listed below are several amounts from the accounting records of Big Tom's Pawn Shops for the year ended December 31,Year 1.Prepare a single-step income statement in good form.
$$\begin{array} { l r }
\text { Salaries expenses } & \$ 145,000 \
\text { Rent expense } & 12,000 \
\text { Selles } & 225,000 \
\text { Retained earnings } & 100,000 \
\text { Insurance expense } & 11,000 \
\text { Income taxes expense } & 30,000
\end{array}$$

Question

Listed below are several amounts from the accounting records of Big Tom's Pawn Shops for the year ended December 31,Year 1.Prepare a single-step income statement in good form.
 $$\begin{array} { l r } 
\text { Salaries expenses } & \$ 145,000 \
\text { Rent expense } & 12,000 \
\text { Selles } & 225,000 \
\text { Retained earnings } & 100,000 \
\text { Insurance expense } & 11,000 \
\text { Income taxes expense } & 30,000
\end{array}$$

Quizplus · Accepted Answer

The Answer of Listed below are several amounts from the accounting records of Big Tom's Pawn Shops for the year ended December 31,Year 1.Prepare a single-step income statement in good form.
 $$\begin{array} { l r } 
\text { Salaries expenses } & \$ 145,000 \
\text { Rent expense } & 12,000 \
\text { Selles } & 225,000 \
\text { Retained earnings } & 100,000 \
\text { Insurance expense } & 11,000 \
\text { Income taxes expense } & 30,000
\end{array}$$

Listed Below Are Several Amounts from the Accounting Records of Big