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Bobby has been the owner and operator of Let's go Advertising since its beginning 10 years ago. The company has prospered. Recently, Bobby mentioned that

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Bobby has been the owner and operator of Let's go Advertising since its beginning 10 years ago. The company has prospered. Recently, Bobby mentioned that he would sell the business for the right price. Assume that you are interested in buying Let's go Advertising. You obtain the most recent monthly trial balance, which follows. Revenues and expenses vary little from month to month, and January is a typical month. The trial balance shown is a preliminary, or unadjusted, trial balance. The controller inform you that the necessary accrual adjustments should include revenues of $3,800 and expenses of $1,100. Also, if you were to buy Let's go Advertising, you would hire a manager so you could devote your time to other duties. Assume that this person would require a monthly salary of $5,000. You will need to add the above adjustments to your trial balance. For the expenses-use "Other Expenses". In this case study, you are required to make an income statement for you and Bobby

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