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Downloadable eTextbook nment Exercise 104 Presented below are changes in the account balances of Wenn Company during the year, except for retained earnings Increase (Decrease)
Downloadable eTextbook nment Exercise 104 Presented below are changes in the account balances of Wenn Company during the year, except for retained earnings Increase (Decrease) Increase (Decrease) Cash $29,130 Accounts payable Bonds payable $33,880 Accounts receivable (net) (18,040) (20,720) Inventory 51,830 Common stock 60,770 Plant assets (net) Paid-in capital 46,100 16,790 The only entries in Retained Earnings were for net income and a dividend declaration of $16,670. (a) Compute the net income for the current year Net income LINK TO TEXT Question Attempts
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