At the end of Gordman Department Stores fiscal year on December 31, 2008, these accounts appeared in
Question:
At the end of Gordman Department Store’s fiscal year on December 31, 2008, these accounts appeared in its adjusted trial balance.
Additional facts:
1. Merchandise inventory on December 31, 2008, is \($75,000.\)
2. Note that Gordman Department Store uses a periodic system.
Instructions
Prepare an income statement through gross profit for the year ended December 31, 2008.
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Related Book For 
Accounting Principles
ISBN: 9780471980193
8th Edition
Authors: Jerry J Weygandt, Donald E Kieso, Paul D Kimmel
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