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help please During a recent year, Nicole's Getaway Spa (NGS) reported net income of $3,100. The company reported the following activities: a. Increase in inventory
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During a recent year, Nicole's Getaway Spa (NGS) reported net income of $3,100. The company reported the following activities: a. Increase in inventory of $340 b. Depreciation of $2,400. c. Increase of $2,110 in prepaid expenses. d. Payments of $4,000 on long-term debt. e. Purchased new spa equipment for $7,522. f. Payments on accounts payable exceeded purchases by $260. g. Collections on accounts receivable exceeded credit sales by $799. h. Issued $11,000 of common stockStep by Step Solution
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