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    Multiple-step income statement - Gitler Department Store

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    I'm trying to get the net income on this problem. I was a little confused about what to plug into the multiple step income statement. Like where does the inventory go? Could you look over my answers and tell me what I did wrong? The question is in Word and my answers are on an Excel sheet.Thanks!

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    Solution Summary

    The solution explains the adjusting and closing entries and the preparation of an income statement and balance sheet for Gitler Department Store