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    nikola01's Avatar
    nikola01 Posts: 1, Reputation: 1
    New Member
     
    #1

    Sep 19, 2009, 09:58 PM
    Prepare multi-step income statement when company uses periodic inventory system
    Sales $433,912
    Sales Returns and Allowances $11,250
    Purchases 221,185
    Purchases Returns and Allowances 30,238
    Freight-In 10,078
    Store Salaries Expense 107,550
    Office Salaries Expense 26,500
    Advertising Expense 18,200
    Rent Expense 14,400
    Insurance Expense 2,800
    Utilities Expense 18,760
    Store Supplies Expense 464
    Office Supplies Expense 814
    Depreciation Expense-Store Equipment 1,800
    Depreciation Expense-Office Equipment 1,850
    Income Taxes
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Sep 20, 2009, 02:01 AM

    Please see the guidelines for posting homework problems:
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