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1A-5. From the following account balances, prepare in proper form for November (a) an income statement, (b) a statement of owners equity, and (c) a

1A-5. From the following account balances, prepare in proper form for November (a) an income statement, (b) a statement of owners equity, and (c) a balance sheet for Frederick Realty. Cash $4,800 S. Frederick, Withdrawals $ 120 Accounts Receivable 1,230 Professional Fees 3,000 Office Equipment 8,300 Salaries Expense 550 Accounts Payable 4,000 Utilities Expense 200 S. Frederick, Capital, Nov. 1, 201X 9,000 Rent Expense 800

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