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Please prepare this as single step income statement. BF Centre Income Statement For the year ended Nov 30, 2017 Debit Credit Sales Revenue sales less:
Please prepare this as single step income statement.
BF Centre Income Statement For the year ended Nov 30, 2017 Debit Credit Sales Revenue sales less: sales return and allowances Net Sales Cost of goods sold Gross Profit Operating Expenses Selling expenses salaries expenses advertising experiences rent expense delivery expense utilities expense depreciation expense supplies expense Total selling expenses administrative expenses 757200 4200 753000 495400 257600 98000 26400 19200 16700 11200 15000 4000 190500 salaries expense repairs expense rent expense utilities expense 42000 12100 4800 2800 Total administrative expenses Total operating expenses Income from operations Other expenses and losses nterest expense Income before income tax 61700 252200 5400 11000 5600Step by Step Solution
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