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Can you help me please Data for Hopkins CPAS 1. Borrowed $99,900 from the bank to start the business. 2. Provided $66,600 of services to
Can you help me please
Data for Hopkins CPAS 1. Borrowed $99,900 from the bank to start the business. 2. Provided $66,600 of services to clients and collected $55,500 cash. 3. Paid salary expense of $35,520. Data for Sports Clothing 1. Borrowed $99,900 from the bank to start the business. 2. Purchased $66,600 inventory for cash. 3. Inventory costing $28,860 was sold for $55,500 cash 4. Paid $8,880 cash for operating expenses. Required a. Prepare an income statement, balance sheet, and statement of cash flows for each of the companies Step by Step Solution
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