Question
The adjusted trial balance of Metlock Company shows the following data pertaining to sales at the end of its fiscal year, October 31, 2020: Sales
The adjusted trial balance of Metlock Company shows the following data pertaining to sales at the end of its fiscal year, October 31, 2020: Sales Revenue $ 769,700, Delivery Expense $ 12,520, Sales Returns and Allowances $ 25,880, and Sales Discounts $ 12,970.
(a) Prepare the revenues section of the income statement.
METLOCK COMPANY
Income Statement
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Management Accounting For Business Decisions
Authors: Colin Drury
2nd Edition
1861527705, 978-1861527707
