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Adam and Ann Adams have collected their personal income and expense information and have asked you to put together an income and expense statement for
Adam and Ann Adams have collected their personal income and expense information and have asked you to put together an income and expense statement for the year ended December 31, 2015. The following information is received from the Adams family Create a personal income and expense statement for the period ended December 31, 2015. It should be similar to a corporate income statement. Did the Adams family have a cash surplus or cash deficit? If the result is a surplus, how can the Adams family use that surplus? Complete the income part of me personal income and expense statement for the period ended December 31, 2015; (Round to the nearest dollar.) Complete the expenses part of the personal income and expense statement for the period ended December 31, 2015: (Round to the nearest dollar.)
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