The adjusted trial balance of Cheyenne Company shows the following data pertaining to sales at the end of its fiscal year, October 31, 2017:
Sales Revenue $728,400, Delivery Expense $12,780, Sales Returns and Allowances $25,320, and Sales Discounts $12,380.

Prepare the revenues section of the income statement.

                                                      Cheyenne Company

                                                       Amount in $                  Amount in $

Sales revenue                                                                        728,400

Less;

Sales Returns and Allowances        25,320

Sales Discounts                                 12,380

                                                                                                 (37,700)  

 Net sales                                                                                690,700

Explanation:

The revenue section of the income statement shows the computation of the net sales which is the result of the total sales less sales returns, discounts and allowances.

the definition of a small business is an independently owned and operated company that is limited in size and in revenue depending on the industry. a local bakery that employs 10 people is an example of a small business. a manufacturing facility that employees less than 500 people is an example of a small business.

answer about 4-5 percent of the labor force is unemployed;