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Camilia Communications reported the following figures from its adjusted trial balance for its first year ofbusiness, which ended on July 31. 2018. Prepare Camilia Communications's
Camilia Communications reported the following figures from its adjusted trial balance for its first year ofbusiness, which ended on July 31. 2018.
Prepare Camilia Communications's multi-step income statement for the year ended July 31, 2018
Cash | $2,900 | Cost of Goods Sold | $18,700 | |
Selling Expenses | 1,400 | Equipment, net | 9,500 | |
Accounts Payable | 4,300 | Accrued Liabilities | 1,800 | |
Common Stock | 4,365 | Net Sales Revenue | 29,200 | |
Notes Payable, long-term | 500 | Accounts Receivable | 3,200 | |
Merchandise Inventory | 1,100 | Interest Expense | 65 | |
Administrative Expenses | 3,300 |
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