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Posted: June 15th, 2022
Sellall Department Stores reported the following amounts in itsadjusted trial balance ready as of its December 31 year-end:Administrative Bills, $three,100; Value of Items Offered, $26,460;Earnings Tax Expense, $three,420; Curiosity Expense, $1,700; InterestRevenue, $220; Basic Bills, $three,300; Gross sales Income, $49,000;Gross sales Reductions, $2,450; Gross sales Returns and Allowances, $2,205; andDelivery (freight-out) Expense, $370. Put together a multistep incomestatement for distribution to exterior monetary statementusers
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