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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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8 years ago
Excellent, Inc. sells accounting textbooks. The following information summarizes Excellent's operating activities for the year:

Merchandise Inventory, January 1   $10,000
Merchandise Inventory, December 31   7,000
Purchases   95,000
Selling and Administrative Expenses   65,000
Sales Revenue   180,000

Required: Prepare Excellent, Inc.'s income statement for the year ended December 31.
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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TanksTanks
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8 years ago
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H3Ko Author
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#2
8 years ago
I just realized you had posted this! Thanks so much
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