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Accumulated depreciation: Buildings. . 4 0 , 0 0 0 Sales . 3 8 5 , 0 0 0 Accounts payable. . 5 9 ,

Accumulated depreciation: Buildings..40,000Sales.385,000Accounts payable..59,437Sales returns..12,000Advertising expense..9,186Buildings...100,000Cash.8,960Inventory..32,692Josh Anderson, (Proprietor)24,574CRSales discounts.7,400Depreciation expense.10,000Office supplies.1,799Accounts receivable.25,600Sales allowances..3,000Cost of Goods sold...217,560Property tax expense14,625Store supplies expense.3,814Wages expense.62,375REQUIRED (NOTE THAT ALL ACCOUNTS HAVE THEIR NORMAL DEBIT OR CREDIT BALANCES):a. Use this information to prepare ONLY the part of a classified, multiple-step income statement under the PERPETUAL SYSTEM that shows only the SALES, COST OF GOODS SOLD, and GROSS PROFIT SECTIONS - you are not required to include the operating expenses and net income Account

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