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accounting

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Arndt Company provides the following information for the month ended October 31, 2014: sales on credit $280,000, cash sales $100,000, sales discounts $5,000, sales returns and allowances $11,000.;Prepare the sales revenues section of the income statement based on this information.;Arndt COMPANY;Income Statement (Partial);For the Month Ended October 31, 2014;DividendsExpensesNet Income / (Loss)Retained Earnings, October 1Retained Earnings, October 31Sales RevenuesTotal ExpensesTotal RevenuesNet Sales;$;LessAdd;$;Dividends Expenses Net Income / (Loss) Retained Earnings, October 1 Retained Earnings, October 31 Sales Revenues Total Expenses Total Revenues Net Sales $

 

Paper#80735 | Written in 18-Jul-2015

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