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Sellall Department Stores reported the following amounts in its adjusted trial balance prepared as of its December 31 year-end: Administrative Expenses, $2,400; Cost of Goods
Sellall Department Stores reported the following amounts in its adjusted trial balance prepared as of its December 31 year-end: Administrative Expenses, $2,400; Cost of Goods Sold, $22,728; Income Tax Expense, $3,000; Interest Expense, $1,600; Interest Revenue, $200; General Expenses, $2,600; Net Sales Revenue, $37,880; and Delivery (freight-out) Expense, $300. 25 Prepare a multistep income statement for distribution to external financial statement users. oints eBook SELLALL DEPARTMENT STORES Income Statement For the Year Ended December 31 Print References
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