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Given only the following information, calculate net profit. $ Cash 25,000 Accounts receivable 90,000 Sales 100,000 Insurance expense 2,500 Wages 30,000 Drawing 10,000 Unearned
Given only the following information, calculate net profit. $ Cash 25,000 Accounts receivable 90,000 Sales 100,000 Insurance expense 2,500 Wages 30,000 Drawing 10,000 Unearned revenue 5,000 Equipment 110,000 O $57,500 O $125,000 O $72,500 $67,500
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Core Concepts of Accounting
Authors: Cecily A. Raiborn
2nd edition
470499478, 978-0470499474
