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Income statement preparation
I have attempted several times to come up with the final answer of $40,500, with no luck I keep coming up with $50, 400
Assets Cash $38,700 Land $66,600 Total Assets $105,300 Dividends -7200 Interest Expense -3600 Miscellaneous Expense -4500 Notes Payable -54000 Rent Expense -10800 Retained Earnings $- Salaries Expense -16300 Sales Commissions -89100 Utilities Expense -13500 |
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All these posts on the same thing are getting confusing. If you have something to add to the same problem, then add it on the same thread. New problems go on new threads. Let's keep this over here: https://www.askmehelpdesk.com/financ...-a-411790.html |
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The following selected information is taken from the records of Beckstrom Corporation. Accounts payable... $35,000 Accounts receivable... 65,000 Advertising expense... 15,000 Cash... 19,500 Supplies expense... 46,000 Rent expense... 10,000 Utilities expense... 3,000 ...
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