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please help me prepare an income statment Beginning merchandise inventory was $32,684. Supplementary records of merchandising activities for the year ended August 31 reveal the
please help me prepare an income statment
Beginning merchandise inventory was $32,684. Supplementary records of merchandising activities for the year ended August 31 reveal the following itemized costs. Required: 1. Compute the company's net sales for the year. 2. Compute the company's total cost of merchandise purchysed for the year. 3. Prepare a multiple-step income statement that includes separate categories for net sales, cost of goods soid, selling expenses, a general and administrative expenses. 4. Prepare a single-step income statement that includes these expense categories: cost of goods sold, selling expenses, and gener, and administrative expenses. Complete this question by entering your answers in the tabs below. Prepare a multiple-step income statement that includes separate categories for net sales, cost of goods sold, selling expenses, and general and administrative expenses Step by Step Solution
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