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Crane Company provides this information for the month ended October 31, 2017: sales on credit...

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Accounting

Crane Company provides this information for the month ended October 31, 2017: sales on credit $305,600; cash sales $159,200; sales discounts $5,890; and sales returns and allowances $22,130. Prepare the sales section of the income statement based on this information.

CRANE COMPANY Income Statement (Partial)

image October 31, 2017For the Month Ended October 31, 2017For the Year Ended October 31, 2017

image DividendsExpensesNet Income / (Loss)Retained Earnings, October 1Retained Earnings, October 31SalesTotal ExpensesTotal RevenuesNet Sales

image

 $

image

image AddLess

:

image

 $

image

image

image

image

image Dividends Expenses Net Income / (Loss) Retained Earnings, October 1 Retained Earnings, October 31 Sales Total Expenses Total Revenues Net Sales

$

image

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