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Bob Bailey recently opened a law office on March 1, which operates as a corporation. The name of the new entity is Bob Bailey, Attorney.
Bob Bailey recently opened a law office on March 1, which operates as a corporation. The name of the new entity is Bob Bailey, Attorney. Bailey experienc organizing phase of the new business and its first month of operation, March 2025. Some of the events were personal and did not affect the law practice. should be accounted for by the business. View the transactions. Read the requirements. 3/31 (3,500) 81,300 Bal. Tot. $ 10,500 Net Income 97,600 300 + 5,500 = $ 5,500 + 80,000 3,500 3,500 + + 97,600 17,100 1,300 200 Requirement 2. Prepare the financial statements. a. Income statement for the month ended March 31, 2025. (If an input field is not used in the table leave the field empty; do not select a label or enter a zer Review the ending balances of the accounts from Requirement 1.
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