The adjusted trial balance of Bramble Corp. shows these data pertaining to sales at the end of its fiscal year, October 31, 2022: Sales Revenue $908,400; Freight-Out $12,800; Sales Returns and Allowances $20,600; and Sales Discounts $15,100.Prepare the sales section of the income statement.Bramble Corp.Income Statement (Partial)choose the accounting period For the Month Ended October 31, 2022October 31, 2022For the Year Ended October 31, 2022select an opening section name Retained Earnings, November 1, 2021Net Income / (Loss)Retained Earnings, October 31, 2022Total RevenuesSalesTotal ExpensesNet SalesExpensesDividends enter an income statement item $enter a dollar amount select between addition and deduction AddLess: 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 Total ExpensesNet SalesDividendsRetained Earnings, November 1, 2021ExpensesRetained Earnings, October 31, 2022Total RevenuesSalesNet Income / (Loss) $enter a total amount for this section

Income statement: Income statement is a part of financial statements. It shows the transactions of…

Answered: The adjusted trial balance of Bramble…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The adjusted trial balance of Bramble Corp. shows these data pertaining to sales at the end of its fiscal year, October 31, 2022: Sales Revenue $908,400; Freight-Out $12,800; Sales Returns and Allowances $20,600; and Sales Discounts $15,100.

Prepare the sales section of the income statement.

Bramble Corp. Income Statement (Partial) choose the accounting period For the Month Ended October 31, 2022October 31, 2022For the Year Ended October 31, 2022
select an opening section name Retained Earnings, November 1, 2021Net Income / (Loss)Retained Earnings, October 31, 2022Total RevenuesSalesTotal ExpensesNet SalesExpensesDividends
enter an income statement item		$enter a dollar amount
select between addition and deduction AddLess :
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 Total ExpensesNet SalesDividendsRetained Earnings, November 1, 2021ExpensesRetained Earnings, October 31, 2022Total RevenuesSalesNet Income / (Loss)		$enter a total amount for this section

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