The adjusted trial balance of Zambrana Company shows the followi


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The adjusted trial balance of Zambrana Company shows the followi 2 answers below ยป The adjusted trial balance of Zambrana Company shows the following data pertaining to sales at the end of its fiscal year October 31, 2010: Sales $800,000, Freight-out $16,000, Sales Returns and Allowances $25,000, and Sales Discounts $15,000. Instructions (a) Prepare the sales revenues section of the income statement. (b) Prepare separate closing entries for (1) Sales, and (2) The contra accounts to sales. Oct 11 2013 07:44 AM

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