Selected account balances at December 31,2014, for Infosys Company follow. Prepare a multistep income statement...
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Selected account balances at December for Infosys Company follow. Prepare a multistep income statement for the year ended December Show detail of net sales. The company uses the perpetual inventory system, and FreightIn has not been included in Cost of Goods Sold. Account Name Debit Credit Sales $ Sales Returns and Allowances $ Cost of Goods Sold FreightIn Selling Expenses General and Administrative Expenses
Selected account balances at December for Infosys Company follow. Prepare a multistep income statement for the year ended December Show detail
of net sales. The company uses the perpetual inventory system, and FreightIn has not
been included in Cost of Goods Sold.
Account Name Debit Credit
Sales $
Sales Returns and Allowances $
Cost of Goods Sold
FreightIn
Selling Expenses
General and Administrative Expenses
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