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Can someone tell me where these statements go? The choices are income statement, statement of changes in owners equity, statement of financial position, and/or statement
Can someone tell me where these statements go? The choices are income statement, statement of changes in owners equity, statement of financial position, and/or statement of cash flows. Help would be greatly appreciated.
S Sold items that cost us $10,000 to customers. Hired a part-time worker and paid her $3,000 this year. Paid 6% interest and $500 principal on the note. 1 q Invoices to customers totaled $22,000. John (the owner) took $100 from the cash register to buy his son a winter coat. Paid for 80% of the items we bought to sell to customers. Y O Got 85% of the money that customers owed us. Costs incurred this year Depreciation on the van $600 Utility bills paid $300 Property Tax bill was $500 Paid the lawyer $300 Beginning to think that every time we sell something there is a 19 chance that the customer will never pay us. Z d Paid cash to buy supplies costing $300 and used 2/3 of them. Bought a three-year insurance policy on February 1 for $2,160. We had to count the items we haven't sold four times before it made any sense. i Bought items to sell to people. Haven't paid for them yet. Items cost $20,000 Step by Step Solution
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