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.<\/p>
<\/p>Prepare the sales revenues section of the income statement.
| Tsai COMPANY Income Statement (Partial) For the Year Ended October 31, 2014 <\/td><\/tr> | |
| Total ExpensesNet SalesTotal RevenuesSales RevenuesDividendsExpensesNet Income \/ (Loss)Retained Earnings, November 1, 2011Retained Earnings, October 31, 2014<\/td><\/tr> | |
| <\/td> | $ <\/td> <\/tr> |
| LessAdd: <\/td><\/tr> | |
| <\/td> | $ <\/td> <\/tr> |
| <\/td> | <\/td> <\/tr> |
| <\/td><\/tr> | |
| DividendsExpensesNet Income \/ (Loss)Retained Earnings, November 1, 2011Retained Earnings, October 31, 2014Sales RevenuesTotal ExpensesTotal RevenuesNet Sales<\/td> | $ <\/p><\/td> <\/tr> <\/tbody><\/table>", "transcribed_text": "", "related_book": { "title": "Entrepreneurial Finance", "isbn": "1305968352, 978-1337635653, 978-1305968356", "edition": "6th edition", "authors": "J. Chris Leach, Ronald W. Melicher", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/1482.jpg", "uri": "\/textbooks\/entrepreneurial-finance-6th-edition-1482", "see_more_uri": "" }, "free_related_book": { "isbn": "0995523231", "uri": "\/textbooks\/conscious-leadership-self-mastery-at-work-1st-edition-978-0995523234-270590", "name": "Conscious Leadership Self Mastery At Work", "edition": "1st Edition" }, "question_posted": "2024-06-28 05:38:11", "see_more_questions_link": "\/study-help\/questions\/business-management-leadership-2023-June-05", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/you-have-been-selected-to-represent-the-student-body-on", "description": "You have been selected to represent the student body on a project to develop a new student database for your school. What is the first step in developing the database? 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