Selected balances from the general ledger of the All Star Video Rentals on July 31, 2019, are listed below. Use the appropriate data to prepare the Revenue section of the firm's income statement for the month ended July 31, 2019. Accounts Receivable$12,500Sales Tax Payable1,475Sales32,500Sales Returns and Allowances3,100

What will be an ideal response?


ALL STAR VIDEO RENTALS
Income Statement
Month Ended July 31, 2019
??
Revenue?
  Sales$32,500
  Less Sales Returns and Allowances(3,100)
  Net Sales$29,400

Business

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