Question

Sunland Company provides this information for the month of November, 2022: sales on credit $145,000; cash...

Sunland Company provides this information for the month of November, 2022: sales on credit $145,000; cash sales $57,000; sales discount $1,000; and sales returns and allowances $7,600.

Prepare the sales revenues section of the income statement based on this information.

SUNLAND COMPANY
Income Statement (Partial)

For the Year Ended November 30, 2022For the Month Ended November 30, 2022November 30, 2022

enter an income statement item

MAINLY NEED THIS PART I KNOW MAJORITY OF THE REST

$enter a dollar amount

select betweeen addition and deduction

LessAdd

:
enter an income statement item

$enter a dollar amount

enter an income statement item

enter a dollar amount

enter a subtotal of the two previous amounts

select a closing section name

DividendsExpensesNet SalesRetained Earnings, beginningRetained Earnings, endingRevenuesTotal ExpensesTotal Revenues

$enter a total amount for this section

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Answer #1
SUNLAND COMPANY
Income statement(Partial)
Total Sales($145,000+$57,000) $2,02,000
Less: Sales Discounts $1,000
Less: Sales returns and allowance $7,600
Sub Total $8,600
Net Sales $1,93,400
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