accounting

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5-6.docx

The adjusted trial balance of Tsai Company shows the following data pertaining to sales at the end of its fiscal year October 31, 2014: Sales Revenue $820,000, Freight-out $16,000, Sales Returns and Allowances $25,000, and Sales Discounts $13,000.

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(a)

Prepare the sales revenues section of the income statement.

Tsai COMPANY Income Statement (Partial) For the Year Ended October 31, 2014

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