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Home Entertainment, a retailer of CDs and DVDs, provided the following information for the month...

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Accounting

Home Entertainment, a retailer of CDs and DVDs, provided the following information for the month of June: Sales $ 150,000 Selling expenses 40,000 Administrative expenses 25,000 Merchandise inventory, beginning balance 12,000 Merchandise inventory, ending balance 22,000 Merchandise purchases 90,000 Required: Prepare an income statement for the company for the month

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