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The adjusted trial balance of Crane Company shows the following data pertaining to sales at the end of its fiscal year October 31, 2020: Sales
The adjusted trial balance of Crane Company shows the following data pertaining to sales at the end of its fiscal year October 31, 2020: Sales Revenue $841,700, Freight-Out $ 17,600, Sales Returns and Allowances $35,000, and Sales Discounts $13,500. (a) Prepare the sales section of the income statement. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) CRANE COMPANY Income Statement (Partial)
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