The following account balances were included in the trial balance of Twain Corporation at June 30, 2019.

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The Retained Earnings account had a balance of $337,000 at July 1, 2018. There are 80,000 ordinary shares outstanding.
Instructions
Prepare an income statement and a retained earnings statement for the year ended June 30, 2019.

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Intermediate Accounting IFRS

ISBN: 978-1119372936

3rd edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Question Posted: Sep 21, 2024 05:12 AM

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The following account balances were included in the trial balance of Twain Corporation at June 30, 2019.

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TWAIN CORPORATION Income Statement For the Year Ended June 30 2019 Revenue Sales revenue 1578500 Les...View the full answer

Intermediate Accounting IFRS

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