Selected Balances from the General Ledger of the Loren Company

question 92

Essay

Selected balances from the general ledger of the Loren Company on March 31, 2019, are listed below. Use the appropriate data to prepare the Revenue section of the firm's income statement for the month ended March 31, 2019.
$\begin{array}{ll}\text { Sales } & \$ 16,250 \\\text { Accounts Receivable } & 6,250 \\\text { Sales Returns and Allowances } & 1,550 \\\text { Sales Tax Payable } & 68\end{array}$

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