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Prepare the may income statement for the company

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Reference no: EM132325868

Question

Use the account balances below to prepare the May income statement for the company through Gross Profit:

Merchandise Inventory, 5/1 $ 240

Merchandise Inventory, 5/31 230

Sales 412

Sales Returns & Allowances 15

Sales Discounts 6

Purchases 300

Freight paid on purchases 8

Reference no: EM132325868

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