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Unformatted text preview: Adjusted Trial Balance Income Statement 2. Debit Credit Debit Credit Perry Sales Income Statement For the year ended December 31, Sales Less: Sales returns and allowances Sales discounts Net sales Cost of goods sold Gross profit Operating expenses: Selling expenses: Sales salaries expense Utilities expense - store Other selling expenses Total selling expenses Total general and administrative expenses Total operating expenses Net income Balance Sheet & Statement of Owner's Equity 3. General Journal Date Accounts and explanation PR Debit , 2005 Dec. 31- - - - - $- Credit...
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- Fall '05
- DaveScott
- Financial Accounting, Amortization, Revenue, Generally Accepted Accounting Principles, Double-entry bookkeeping system, selling expenses, PR DEBIT, Deborah Perry
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