An inexperienced accountant for Prestwick Company prepared the following income statement for the month of August 2015:
Question:
Prepare a revised income statement in accordance with generally accepted accounting principles.
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PRESTWICK COMPANY AUGUST 31, 2015 Revenues: $17,000 5,000 Loan from bank Expenses $11,700 Expenses required to provide services to customers 7,800 16,00035,500 $1,500
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Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078025778
17th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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