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Prepare the sales revenues section of the income statement

Arndt Company provides the following information for the month ended October 31, 2014: sales on credit $290,750, cash sales $108,430, sales discounts $5,890, sales returns and allowances $12,790.

Prepare the sales revenues section of the income statement based on this information.

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Accounting Basics: Prepare the sales revenues section of the income statement

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Accounting Basics: Prepare the sales revenues section of the income statement

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