The following closing entries for Fox Fixtures Co. were made on March 31, 2014, the end of

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The following closing entries for Fox Fixtures Co. were made on March 31, 2014, the end of its annual accounting period:

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Use the information in the closing entries to prepare:
a. A calculation of net sales.
c. A calculation of cost of goods sold.
b. A calculation of cost of goods purchased.
d. A multiple-step income statement for the year.
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Fundamental Accounting Principles

ISBN: 978-0071051507

Volume I, 14th Canadian Edition

Authors: Larson Kermit, Tilly Jensen

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