Question
Given the following balances, Statement of Profits and Loss? Balances 1. Cash $ 610,000 2. Suppliers $ 1,811,000 3. Clients $ 2,610,000 4. Negotiable Securities
Given the following balances, Statement of Profits and Loss?
Balances
1. Cash $ 610,000
2. Suppliers $ 1,811,000
3. Clients $ 2,610,000
4. Negotiable Securities $ 790,000
5. Prepaid Expenses $ 120,000
6. Letters to Pay $ 750,000
7. Land $ 18,000,000
8. Machinery $ 17,610,000
9. Accumulated Depreciation $ 1,920,000
10. Right of Keys $ 240,000
11. Investments in Other Companies $ 3,300,000
12. Bank $ 880,000
13. Obligations with the Bank $ 4,200,000
14. Goods $ 4,350,000
15. Income Tax Payable $ 360,000
16. Various Creditors $ 1,800,000
17. Obligations with Banks L / P $ 4,000,000
18. Paid Capital $ 17,796,148
19. Reserves $ 600,000
20. Accumulated Earnings $ 360,000
21. Sales $ 24,000,000
22. Cost of Sales $ 14,400,000
23. Administrative and Sales Expenses $ 2,520,000
24. Fixed Asset Sales Profit $ 150,000
25. Financial Expenses $ 1,228,500
26. monetary correction S.A. $ 960,000
27. Income Tax $ 1,148,648
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