1. EXAMPLE INCOME STATEMENT
SALES 1000000
SALES RETURN AND ALLOWANCE 9000
SALES DISCOUNT 8500 17500
NET SALES 982500
COST OF GOOD SOLD
MERCHANDISE INVENTORY (AWAL) 100000
PURCHASES 790000
Less(-) PURCHASE RETURN AND ALLOWANCE 16200
PURCHASE DISCOUNT 3800 20000
NET PURCHASES 770000
Add (+) FREIGHT IN 10300
COST OF GOOD PURCHASES 780300
AVALAIBLE FOR SALE 880300
MERCHANDISE INVENTORY (AKHIR) 90000
COSTOF GOOD SOLD 790300

2. (-)