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An alphabetical list of Oriole Company adjusted accounts at its fiscal year end, August 31, 2024, follows. All accounts have normal balances. Additional information: 1.
An alphabetical list of Oriole Company adjusted accounts at its fiscal year end, August 31, 2024, follows. All accounts have normal balances. Additional information: 1. Of the notes payable, $6,200 becomes due on February 17, 2025. The balance is due in 2026. 2. On July 18,2024,R. Brown invested $3,500 cash in the business. Prepare a multiple-step income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or Prepare a statement of owner's equity. (List item that increases Owner's Equity first.) Calculate the gross profit margin and profit margin. (Round answers to 1 decimal place, e.g. 52.7%. )
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