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H ow would I find the net income? The following accounts and balances were drawn from the records of Barker Company at December 31, 2018:
How would I find the net income?
The following accounts and balances were drawn from the records of Barker Company at December 31, 2018: $ Supplies Cash flow from investing act. Prepaid insurance Service revenue Other operating expenses Supplies expense Insurance expense Beginning common stock Cash flow from operating act. Common stock issued 740 Beginning retained earnings (6,200) Cash flow from financing act. 2,300 Rent expense 75,000 Dividends 42,000 Cash 220 Accounts receivable 1,100 Prepaid rent 1,200 Unearned revenue 7,900 Land 5,000 Accounts payable $ 19,000 (5,800) 2,200 5, 100 12,300 19,000 4,900 6,200 37,000 20,460Step by Step Solution
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