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Business, 02.08.2021 20:50 taylorrsmithh

The adjusted trial balance of Bramble Corp. shows these data pertaining to sales at the end of its fiscal year, October 31, 2022: Sales Revenue $908,400

Freight-Out $12,800

Sales Returns and Allowances $20,600

Sales Discounts $15,100

Required:

a. Prepare the revenues section of the income statement.

b. Prepare separate closing entries for (1) sales and (2) the contra accounts to sales.

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