Use the following information from the records of Preston Partners to prepare an income statement under the
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Use the following information from the records of Preston Partners to prepare an income statement under the periodic inventory system for the year ended 30 June 2020.
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Purchases Inventory, 1 July 2019 Inventory, 30 June 2020 Selling and distribution expenses Sales Purchases returns and allowances Sales returns and allowances Administrative expenses Freight inwards. Finance expenses $ 186 600 13 860 12 920 45 420 268 860 4420 6 220 16460 3180 2020
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Related Book For
Financial Accounting
ISBN: 9780730363217
10th Edition
Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie, Andreas Hellmann, Jodie Maxfield
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