At the end of Donaldson Department Store's fiscal year on November 30, 2019, these accounts appeared in its adjusted trial balance.
Additional Facts:
- Merchandise inventory on November 30, 2019, is $52,600.
- Donaldson Department Store uses a periodic system.
Instructions
Prepare an income statement through gross profit for the year ended November 30, 2019
Solution
Donaldson Department Store
Income Statement
For the Year Ended November 30, 2019
Income Statement
For the Year Ended November 30, 2019
