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Baiman Corporation commences operations at the beginning of January. It provides its services on credit and bills its customers $30,000 for January sales. Its employees
Baiman Corporation commences operations at the beginning of January. It provides its services on credit and bills its customers $30,000 for January sales. Its employees also earn January wages of $12,000 that are not paid until the first of February. Complete the following statements for the month-end of January.
Sales | $Answer |
Wages Expense | Answer |
Net Income (Loss) | $Answer |
Cash | $8,000 |
Accounts Receivable | Answer |
Total Assets | $Answer |
Wages Payable | $Answer |
Common Stock | 8,000 |
Retained Earnings | Answer |
Total Liabilities and Equity | $Answer |
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