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For the month of July, Blackfly Ltd . experienced / recorded the following transactions: received a $ 6 0 0 0 cash payment for work
For the month of July, Blackfly Ltd experiencedrecorded the following transactions:
received a $ cash payment for work performed & billed the previous month.
replanted an area of northern Alberta forest for which it sent out an invoice totaling $
At the beginning of the month, the company had $ of trees in inventory ready for planting.
During the month the company purchased $ tress for planting
at the end of the month it was left with trees still suitable for planting that originally cost $
monthly expenses were: $ for office rent; $ in misc. expenses;
Amortization on the truck and office equipment was calculated to be $
The income tax rate is
The expected life of the truck and office equipment when purchased new was years, with no residual value and the amortization expense was based on the straightline model. The original cost of the truck and office equipment was
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