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Equipment 50,000 Interest Expense 2,400 Interest Payable 600 Retained Earnings ? Dividends 50,400 Land 137,320 Inventory 102,000 Bonds Payable 78,000 Notes Payable (due in 6
Equipment | 50,000 |
Interest Expense | 2,400 |
Interest Payable | 600 |
Retained Earnings | ? |
Dividends | 50,400 |
Land | 137,320 |
Inventory | 102,000 |
Bonds Payable | 78,000 |
Notes Payable (due in 6 months) | 19,400 |
Common Stock | 60,000 |
Accumulated Depreciation - Equip. | 10,000 |
Prepaid Advertising | 5,000 |
Revenue | 341,400 |
Buildings | 80,400 |
Supplies | 1,860 |
Taxes Payable | 3,000 |
Utilities Expense | 1,320 |
Advertising Expense | 1,560 |
Salaries and Wages Expense | 53,040 |
Salaries and Wages Payable | 900 |
Accumulated Depr. - Buildings | 15,000 |
Cash | 35,000 |
Depreciation Expense | 8,000 |
Create a multi -step income statement and retained earnings statement
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