Using the letter preceding each account, arrange the following selected accounts in the order they would normally appear in a chart of accounts of a company that uses a multiple-step income statement.

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Using the letter preceding each account, arrange the following selected accounts in the order they would normally appear in a chart of accounts of a company that uses a multiple-step income statement.

 

(a) Accounts Payable
(b) Accounts Receivable
(c) Merchandise Inventory
(d) Miscellaneous Selling Expense
(e) Sales Discounts
(f) Interest Expense
(g) Income Summary
(h) Misc. Admin. Expense
(i) Freight Out
(j) Sales Returns and Allowances

 

Darshita Changed status to publish February 17, 2020
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(b) Accounts Receivable
(c) Merchandise Inventory
(a) Accounts Payable
(g) Income Summary
(j) Sales Returns and Allowances
(e) Sales Discounts
(i) Freight Out
(d) Miscellaneous Selling Expense
(h) Misc. Admin. Expense
(f) Interest Expense
Darshita Changed status to publish February 17, 2020
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