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As of December 3 1 of the current year, Armani Company s records show the following. Hint: The owner invested $ 1 , 1 0
As of December of the current year, Armani Companys records show the following. Hint: The owner invested $ cash during the year.
Cash $
Accounts receivable
Supplies
Equipment
Accounts payable
Armani, Capital, December prior year
Armani, Capital, December current year
Armani, Withdrawals
Consulting revenue
Rental revenue
Salaries expense
Rent expense
Selling and administrative expenses
Required:
Prepare the income statement for Armani Company for the current year ended December
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