Prepare traditional format income statement for april

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In April, Holderness Inc, a merchandising company, had sales of $226,000, selling expenses of $14,500, and administrative expenses of $25,500. The cost of merchandise purchased during the month was $156,000. The beginning balance in the merchandise inventory account was $34,500 and the ending balance was $48,500.

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Question 1: Prepare traditional format income statement for April.

Reference no: EM132596199

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