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Business, 08.10.2019 17:30 jeffreydaboy1223

Wolford department store is located in midtown metropolis. during the past several years, net income has been declining because suburban shopping centers have been attracting business away from city areas. at the end of the company? s fiscal year on november 30, 2017, these accounts appeared in its adjusted trial balance. accounts payable $ 34,304accounts receivable 22,016accumulated depreciation? equipment 87,040cash 10,240common stock 44,800cost of goods sold 786,304freight-out 7,936equipment 200,960depreciation expense 17,280dividends 15,360gain on disposal of plant assets 2,560income tax expense 12,800insurance expense 11,520interest expense 6,400inventoryv 33,536notes payable 55,680prepaid insurance 7,680advertising expense 42,880rent expense 43,520retained earnings 18,176salaries and wages expense 149,760sales revenue 1,157,120salaries and wages payable 7,680sales returns and allowances 25,600utilities expense 13,568additional data: notes payable are due in 2021.prepare a multiple-step income statement.

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Wolford department store is located in midtown metropolis. during the past several years, net income...
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