Based on the information that follows: Sales $86,300 Sales Returns and Allowances 2,330 Sales Discounts 1,726 Required: Prepare the revenue section of a multiple-step income statement.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Revenue Section, Multiple-Step Income Statement
Instructions
Income Statement
Instructions
Based on the information that follows:
Sales
$86,300
Sales Returns and Allowances
2,330
Sales Discounts
1,726
Required:
Prepare the revenue section of a multiple-step income statement.
%3D
Transcribed Image Text:еВook Print Item Revenue Section, Multiple-Step Income Statement Instructions Income Statement Instructions Based on the information that follows: Sales $86,300 Sales Returns and Allowances 2,330 Sales Discounts 1,726 Required: Prepare the revenue section of a multiple-step income statement. %3D
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