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Question 1 of 3 View Policies Current Attempt in Progress -/35 E Presented below is...

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Accounting

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Question 1 of 3 View Policies Current Attempt in Progress -/35 E Presented below is information related to Wildhorse Enterprises Jan. 31 Feb. 28 Mar. 31 Apr. 30 $ 17,700 $ 17,818 $ 20,060 $ 16,520 17.110 14,868 Inventory at cost Inventory at LCNRV Purchases for the month Sales for the month 18,408 15,694 20,060 28.320 31.270 34,220 41,300 47,200 (a) From the information, prepare (as far as the data permit) monthly income statements in columnar form for February, March, and April . The inventory is to be shown in the statement at cost; the gain or loss due to market fluctuations is to be shown separately (using a valuation account) (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses es. (45)) February March = (using a valuation account). (Enter negative amounts using either a negative sign preceding the number es-45 or parentheses es. (451) February March April > $ eTextbook and Media

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