At the end of Ehlinger Department Stores fiscal year on December 31, 2012, these accounts appeared in
Question:
At the end of Ehlinger Department Store’s fiscal year on December 31, 2012, these accounts appeared in its adjusted trial balance.
Additional facts:
1. Merchandise inventory on December 31, 2012, is $58,300.
2. Note that Ehlinger Department Store uses a periodic system.
Instructions Prepare an income statement through gross profit for the year ended December 31, 2012.
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Related Book For
Accounting Tools For Business Decision Making
ISBN: 9780470534786
4th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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