The adjusted trial balance of Sang Company shows the following data pertaining to sales at the end

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The adjusted trial balance of Sang Company shows the following data pertaining to sales at the end of its fiscal year October 31, 2022: Sales Revenue $820,000, Freight-Out $16,000, Sales Returns and Allowances $25,000, and Sales Discounts $13,000.

Instructions
Prepare separate closing entries for (a) sales revenue and (b) the contra accounts to sales revenue.

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College Accounting

ISBN: 1986

1st Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Deanna C. Martin, Jill E. Mitchell

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Question Posted: Dec 30, 2019 05:52 AM

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The adjusted trial balance of Sang Company shows the following data pertaining to sales at the end

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1 Oct 31 Sales Revenue 820000 Income Summary 8200...View the full answer

College Accounting

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