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Bandu Company's accounts with the increases or decreases that occurred during this year are as follows: Increase Decrease Cash $6,000 Accounts receivable $(2,000) Supplies 15,000
Bandu Company's accounts with the increases or decreases that occurred during this year are as follows: Increase Decrease Cash $6,000 Accounts receivable $(2,000) Supplies 15,000 Accounts payable (8,000) Notes payable 13,000 Except for Profit, an investment of $4,000, and a withdrawal of $12,000, no other items affected the capital account during the year. Using the balance sheet equation, calculate Profit for this year.
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