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never [62]
3 years ago
8

The adjusted trial balance of Windsor, Inc. shows these data pertaining to sales at the end of its fiscal year, October 31, 2022

: Sales Revenue $908,100; Freight-Out $13,400; Sales Returns and Allowances $19,800; and Sales Discounts $14,500.
Required:
Prepare the sales section of the income statement.
Business
1 answer:
d1i1m1o1n [39]3 years ago
4 0

Answer

                                     Windsor, Inc

                           Income Statement (Partial)

                           For the year October 31, 2022

Revenue

Sales                                                                      $908,100

Less: Sales return and allowance     $19,800

          Sales Discount                         <u>$14,500</u>

                                                                               <u>$34,300</u>

Net Sales                                                                <u>$837,800</u>

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