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EXERCISE 2-3 Constructing an Income Statement ILO3 Home Entertainment, a retailer of CDs and DVDs, provided the following information for the month of June Sales

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EXERCISE 2-3 Constructing an Income Statement ILO3 Home Entertainment, a retailer of CDs and DVDs, provided the following information for the month of June Sales Selling expenses... Administrative expense. Merchandise inventory, beginning balance Merchandise inventory, ending balance. $150000 40000 25000 12000 2000

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