The adjusted trial balance of Windsor Company shows the following data pertaining to sales at the end of its fiscal year, October 31, 2020: Sales Revenue $743,800, Delivery Expense $10,950, Sales Returns and Allowances $22,820, and Sales Discounts $11,170
A) Prepare the revenues section of the income statement.
B) Prepare separate closing entries for (1) sales and (2) the contra accounts to sales.
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