Harley Clothing Store employs the periodic inventory system and prepares monthly financial statements. All accounts have been adjusted except for inventory. A physical count of inventory on 30 November indicates that $22,000 was on hand. A partial listing of account balances follows:
Prepare a partial income for the Hanley Clothing Store for the month ended 30 November. The income statement should show all items through to gross profit.

Question

Harley Clothing Store employs the periodic inventory system and prepares monthly financial statements. All accounts have been adjusted except for inventory. A physical count of inventory on 30 November indicates that $22,000 was on hand. A partial listing of account balances follows:
  Prepare a partial income for the Hanley Clothing Store for the month ended 30 November. The income statement should show all items through to gross profit.

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The Answer of Harley Clothing Store employs the periodic inventory system and prepares monthly financial statements. All accounts have been adjusted except for inventory. A physical count of inventory on 30 November indicates that $22,000 was on hand. A partial listing of account balances follows:
  Prepare a partial income for the Hanley Clothing Store for the month ended 30 November. The income statement should show all items through to gross profit.

Harley Clothing Store Employs the Periodic Inventory System and Prepares