Question: Question 10 View Policies Current Attempt in Progress At the end of Oates Department Store's fiscal year on November 30, 2017, these accounts appeared in


Question 10 View Policies Current Attempt in Progress At the end of Oates Department Store's fiscal year on November 30, 2017, these accounts appeared in its adjusted trial balance. Freight-in $ 5,060 Inventory (beginning) 41,300 Purchases 613,000 Purchase Discounts 7,000 Purchase Returns and Allowances 6,760 Sales Revenue 902,000 Sales Returns and Allowances 20,000 Additional facts: 1. Inventory on November 30, 2017, is $36,200. 2. Note that Oates Department Store uses a periodic system. Prepare an income statement through gross profit for the year ended November 30, 2017 OATES DEPARTMENT STORE Income Statement (Partial) OATES DEPARTMENT STORE Income Statement (Partial) $ montview start 30202 2
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