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Exercise 5-5 The adjusted trial balance of Cullumber Company shows these data pertaining to sales...

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Accounting

Exercise 5-5

The adjusted trial balance of Cullumber Company shows these data pertaining to sales at the end of its fiscal year, October 31, 2017: Sales Revenue $905,500; Freight-Out $14,300; Sales Returns and Allowances $21,100; and Sales Discounts $15,100. Prepare the sales section of the income statement.

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