Solved: Prepare the sales revenues section of the income statement, Cost Accounting

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Prepare the sales revenues section of the income statement

Bangura Company provides this information for the month ended October 31, 2012: sales on credit $300,000; cash sales $150,000; sales discounts $5,000; and sales returns and allowances $19,000. Prepare the sales revenues section of the income statement based on this information.

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

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