At the end of Oates Department Store 's fiscal year on November 30, 2025, these accounts appeared in its adjusted trial balance Additional facts 1 Inventory on November 30, 2025, is $36,200 2 Note that Oates Department Store uses a periodic system Instructions Prepare an income statement through gr...

Sales OATES DEPARTMENT STORE Income Statement Partial For the Ye ...

At the end of Oates Department Store's fiscal year on November 30, 2025, these accounts appeared in

Question:

At the end of Oates Department Store's fiscal year on November 30, 2025, these accounts appeared in its adjusted trial balance.

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Additional facts:

1. Inventory on November 30, 2025, is $36,200.
2. Note that Oates Department Store uses a periodic system.

Instructions
Prepare an income statement through gross profit for the year ended November 30, 2025.

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At the end of Oates Department Store's fiscal year on November 30, 2025, these accounts appeared in

Question:

Freight-In Inventory (beginning) Purchases Purchase Discounts Purchase Returns and Allowances Sales Revenue Sales Returns and Allowances $ 5,060 41,300 613,000 7,000 6,760 902,000 20,000

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