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Current Attempt in Progress Joseph Moore runs a ski school and excursion company called Carla Vista Ltd. His busiest months are December through February, although,
Current Attempt in Progress Joseph Moore runs a ski school and excursion company called Carla Vista Ltd. His busiest months are December through February, although, if the weather holds, he extends his school and excursions into March. For the month of January, he recorded the following items: 1. He spent $1,700 on the utilities for the office and $7,000 on gas and repairs for the vehicles (use Operating Expenses account). 2. He used supplies that cost $17,300. 3. Customers paid him $246,000 for excursions that took place in January (use Service Revenue account) and $60,700 in deposits for trips scheduled in February. 4. He paid $33,900 for employee wages and he spent $11,400 to an influencer for advertising the company. (a) Prepare a statement of income to determine how much Carla Vista Ltd. earned in January
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