Give me a simple sentence about what your business sells. It can be stated before or after the financial statements.

  1. company’s multi-step income statement for the year ended 12/31/18.
  2. the retained earnings statement for the year ended 12/31/18.
  3. the classified balance sheet dated 12/31/18.
  4. Give me a simple sentence about what your business sells. It can be stated before or after the financial statements.

the numbers

The company is the Freemans Merchandizing that has a

200,000 in COGS

net sales 850,000

2,500 in depreciation on equipment

2,000 operating expense

600 advertising expense

rent expense of 1,500

supplies expense 5,000

common stock 2,000

100,000 salary expense

interest expense 11,000

inventory 100,000

utilities expense 50,000

 

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