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Consider the following transactions for Beta Ltd. for the month of December: Sales Revenue: $80,000 Purchases: $35,000 Rent Expense: $7,000 Utilities Expense: $5,000 Salaries Expense:
Consider the following transactions for Beta Ltd. for the month of December:
- Sales Revenue: $80,000
- Purchases: $35,000
- Rent Expense: $7,000
- Utilities Expense: $5,000
- Salaries Expense: $15,000
- Depreciation Expense: $3,500
Calculate Beta Ltd.'s Net Income and prepare an Income Statement for the month of December.
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Introduction To Financial Accounting
Authors: Anne Marie Ward, Andrew Thomas
7th edition
77138449, 978-0077132682, 77132688, 978-0077138448
