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Leroy Appliances had the following transactions in the month of September.. Sep. 4 Purchased inventory of $6,200 on account from Max Appliance Wholesale, an appliance

Leroy Appliances had the following transactions in the month of September.. Sep. 4 Purchased inventory of $6,200 on account from Max Appliance Wholesale, an appliance wholesaler. Terms were 3/15, n/30, FOB shipping point. Returned $400 of inventory to Max. Paid Max Appliance Wholesale, less return and discount. 4 Paid freight charges, $410. 10 17 20 22 29 Received a $900 allowance from MY Appliance for damaged but usable goods Paid MY Appliance, less allowance and discount. Purchased inventory of $4,600 on account from MY Appliance, an appliance wholesaler. Terms were 3/10, n/45, FOB destination. Question 2: Stock take on September 30 by Leroy Appliances, determined that the cost of closing inventories is $965. During the month of September, sales revenue amounted to $13,560. Operating expenses amounted to $2,100. Required: Prepare the income statement for the month of September

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