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12.XYZ Manufacturing reports the following on 8/31/20: DebitCredit Cash$ 20,000 Account Receivable1,000 Raw Material Inventory12,000 Work in Process Inventory7,000 Finished Goods Inventory4,000 Equipment85,000 Accumulated Depreciation

12.XYZ Manufacturing reports the following on 8/31/20:

DebitCredit

Cash$ 20,000

Account Receivable1,000

Raw Material Inventory12,000

Work in Process Inventory7,000

Finished Goods Inventory4,000

Equipment85,000

Accumulated Depreciation 8,000

Account Payable10,000

Common Stock90,000

Sales Revenue304,000

Cost of Goods Sold183,000

Operating Expenses95,000

Factory Overhead5,000

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