Question
Concord Corporation provides this information for the month ended October 31, 2022: sales on credit $ 303,400; cash sales $ 154,200; sales discounts $ 5,910;
Concord Corporation provides this information for the month ended October 31, 2022: sales on credit $ 303,400; cash sales $ 154,200; sales discounts $ 5,910; and sales returns and allowances $ 22,130. Prepare the sales section of the multiple-step income statement based on this information.
Concord Corporation Income Statement (Partial) choose the accounting period October 31, 2022For the Year Ended October 31, 2022For the Month Ended October 31, 2022 | ||
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select an opening section name DividendsExpensesNet Income / (Loss)Retained Earnings, October 1Retained Earnings, October 31SalesTotal ExpensesTotal RevenuesNet Sales | ||
enter an account title | $ enter a dollar amount | |
select between addition and deduction AddLess: | ||
enter an account title | $ enter a dollar amount | |
enter an account title | enter a dollar amount | |
enter a subtotal of the two previous amounts | ||
select a closing section name DividendsExpensesNet Income / (Loss)Retained Earnings, October 1Retained Earnings, October 31SalesTotal ExpensesTotal RevenuesNet Sales | $ enter a total amount for this section |
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