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The adjusted account balances of Doqe Company show these data pertaining to sales at the end of its fiscal year, October 31, 2022: Sales Revenue...............................$900,000 Freight-Out......................................$14,000 Sales Returns Allowances.......................................$22,000 Sales Discounts...............................$13,500. Instructions Prepare the sales section of the income statement.

The adjusted account balances of Doqe Company show these data pertaining to sales at the end of its fiscal year, October 31, 2022:

Sales Revenue...............................$900,000

Freight-Out......................................$14,000

Sales Returns

Allowances.......................................$22,000

Sales Discounts...............................$13,500.


Instructions

Prepare the sales section of the income statement.

Prepare an income statement.

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DOQE COMPANY Income Statement Partial For the Year Ende…View the full answer


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Related Book For  answer-question
Survey Of Accounting

Survey Of Accounting

ISBN: 9781119594536

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt

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Question Details
Chapter # 6
Section: Exercises
Problem: 5
Posted Date: December 17, 2020 01:25:55
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