The adjusted trial balance of Davisen Company shows these data pertaining to sales at the end of

Question:

The adjusted trial balance of Davisen Company shows these data pertaining to sales at the end of its fiscal year, October 31, 2010: Sales $900,000; Freight-out $12,000; Sales Returns and Allowances $18,000; and Sales Discounts $13,500.


Instructions

Prepare the sales revenues section of the income statement.


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Financial Accounting Tools for Business Decision Making

ISBN: 978-0470239803

5th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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