Question: Problem 4-3A Computing merchandising amounts and formatting income statements Lo c2, P4 [The following information applies to the questons displayed below/ Valey Company's adusted trial

 Problem 4-3A Computing merchandising amounts and formatting income statements Lo c2,

P4 [The following information applies to the questons displayed below/ Valey Company's

adusted trial balance on August 31, 2015, its fiscal year end, follows.

Da credit Merchandise inventory 42,000 Other noninventory) assets Total labiaties 56,537 Retained

eamings Dividends 287280 4,395 Sales discounts Sales returns and allowances Cost of

goods sold Sales salaries expense ng space Store supplies expense 24 41

Problem 4-3A Computing merchandising amounts and formatting income statements Lo c2, P4 [The following information applies to the questons displayed below/ Valey Company's adusted trial balance on August 31, 2015, its fiscal year end, follows. Da credit Merchandise inventory 42,000 Other noninventory) assets Total labiaties 56,537 Retained eamings Dividends 287280 4,395 Sales discounts Sales returns and allowances Cost of goods sold Sales salaries expense ng space Store supplies expense 24 41 Ce ce salaries expense Rent expense-orce spa Office suppies expense $473,340

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