The following information relates to Sarah's Surfboards Inventory 1 July 2006 Sales Sales returns and allowances...
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The following information relates to Sarah's Surfboards Inventory 1 July 2006 Sales Sales returns and allowances Financial expenses Purchases Purchase returns and allowances Discount received Freight inwards Selling and distribution expenses Administrative expenses Inventory 30 June 2007 Debit 20.960 8,630 2.500 386,210 2,820 61,360 21,445 15,800 Credit 512,310 4,200 3.171 Using the information above, prepare the income statement for the year ending 30 June 2007 for Sarah's Surfboards The following information relates to Sarah's Surfboards Inventory 1 July 2006 Sales Sales returns and allowances Financial expenses Purchases Purchase returns and allowances Discount received Freight inwards Selling and distribution expenses Administrative expenses Inventory 30 June 2007 Debit 20.960 8,630 2.500 386,210 2,820 61,360 21,445 15,800 Credit 512,310 4,200 3.171 Using the information above, prepare the income statement for the year ending 30 June 2007 for Sarah's Surfboards
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Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
Posted Date:
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