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It's asking to prepare an income statement through gross profit for the year ended November 30, 2017, but I'm not sure how. *P5-6A At the
It's asking to prepare an income statement through gross profit for the year ended November 30, 2017, but I'm not sure how.
*P5-6A At the end of Dayton Department Store's fiscal year on November 30, 2017, these accounts appeared in its adjusted trial balance. Freight-Irn Inventory Purchases Purchase Discounts Purchase Returns and Allowances Sales Revenue Sales Returns and Allowances $7,500 40,000 585,000 6,300 2,700 1,000,000 20,000 Additional facts: 1. Merchandise inventory on November 30, 2017, is $52,600. 2. Dayton Department Store uses a periodic systemStep by Step Solution
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