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Adjusts its accounts on a monthly basis. Below table shows the adjusted balances for end of September, August and June. According to the table below
Adjusts its accounts on a monthly basis. Below table shows the adjusted balances for end of September, August and June. According to the table below prepare the quarterly income statement for the 3 rd quarter.
Sales Revenue Salaries Expense Rent Expense Depreciation Expense 30.09.2020 100.000 12.000 7.000 31.08.2020 85.000 10.000 4.000 16.000 30.06.2020 60.000 5.000 2.500 12.000 20.000Step by Step Solution
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