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The adjusted trial balance of Tsai Company shows the following data pertaining to sales at the end of its fiscal year October 31, 2014: Sales
The adjusted trial balance of Tsai Company shows the following data pertaining to sales at the end of its fiscal year October 31, 2014: Sales Revenue $868,070, Freight-out $17,100, Sales Returns and Allowances $32,800, and Sales Discounts $19,510.
Prepare the sales revenues section of the income statement.
Tsai COMPANY Income Statement (Partial) For the Year Ended October 31, 2014 | |
Total ExpensesNet SalesTotal RevenuesSales RevenuesDividendsExpensesNet Income / (Loss)Retained Earnings, November 1, 2011Retained Earnings, October 31, 2014 | |
$ | |
LessAdd: | |
$ | |
DividendsExpensesNet Income / (Loss)Retained Earnings, November 1, 2011Retained Earnings, October 31, 2014Sales RevenuesTotal ExpensesTotal RevenuesNet Sales | $ |
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