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ng data pertaining to 0.000, Freight-Ou E5-6 The adjusted trial balance of Tsai Company shows the following data pert, sales at the end of its
ng data pertaining to 0.000, Freight-Ou E5-6 The adjusted trial balance of Tsai Company shows the following data pert, sales at the end of its fiscal year October 31, 2015: Sales Revenue $820,000. Frei $16,000, Sales Returns and Allowances $25,000, and Sales Discounts $13,000. Instructions (a) Prepare the sales section of the income statement. (b) Prepare separate closing entries for (1) sales revenue, and (2) the contra accounts sales revenue
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