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Below is a partial listing of the adjusted account balances of Pacific Department Store at year end on December 31, 2017. Accounts Receivable Cost
Below is a partial listing of the adjusted account balances of Pacific Department Store at year end on December 31, 2017. Accounts Receivable Cost of Goods Sold AED 94,500 AED 976,500 Selling Expenses (includes depreciation) AED 123,000 Interest Expense AED 3.900 Accumulated Depreciation-Building AED148,500 Sales Discounts AED 60,000 Unearned Service Revenue AED 126,000 Inventory AED166,500 Administrative Expenses (includes AED 84,000 depreciation) AED1,400,000 Sales Revenue AED 40,500 Accounts Payable AED 3,000 a Interest Revenue Instructions: Using the data provided as appropriate prepare multi-step income statement for Pacific Department Store for the year ended December 31, 2017. Justify your answers by giving a reasonable argument. A BI
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