The adjusted trial balance of Pharoah Company shows these data pertaining to sales at the end of its fiscal year, October 31, 2022: Sales Revenue $903,800; Freight-Out $14,400; Sales Returns and Allowances $21.700; and Sales Discounts $14,000.
Prepare the sales section of the income statement.
port Pharoah Company
Income Statement (Partial)
Homework Answers
| Income Statement (Partial) | ||
| For the year ended October 31,2022 | ||
| Sales Revenues | ||
| Sales Revenue | 903800 | |
| Less: | ||
| Sales Returns and Allowances | 21700 | |
| Sales Discounts | 14000 | |
| 35700 | ||
| Net Sales | 868100 | |
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The adjusted trial balance of Pharoah Company shows these data pertaining to sales at the end of its fiscal year
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q3 The adjusted trial balance of Crane Company shows the following data pertaining to sales at...
q3
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ng data pertaining to 0.000, Freight-Ou E5-6 The adjusted trial balance of Tsai Company shows the...
ng data pertaining to 0.000, Freight-Ou E5-6 The adjusted trial balance of Tsai Company shows the following data pert, sales at the end of its fiscal year October 31, 2015: Sales Revenue $820,000. Frei $16,000, Sales Returns and Allowances $25,000, and Sales Discounts $13,000. Instructions (a) Prepare the sales section of the income statement. (b) Prepare separate closing entries for (1) sales revenue, and (2) the contra accounts sales revenue.
Thank you. thumbs up! Exercise 5-06 a-b The adjusted trial balance of Tsai Company shows the...
Thank you. thumbs up!
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q3
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Thank you. thumbs up!
Exercise 5-06 a-b The adjusted trial balance of Tsai Company shows the following data pertaining to sales at the end of its fiscal year October 31, 2020: Sales Revenue $820,000, Freight-Out $16,000, Sales Returns and Allowances $25,000, and Sales Discounts $13,000. Prepare the sales section of the income statement. Tsai Company Income Statement (Partial) Prepare separate closing entries for (1) sales revenue, and (2) the contra accounts to sales revenue. (Credit account titles are automatically indented...
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