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I need help creating the Financial Statements using this information: Cash Petty cash Accounts receivable Allowance for doubtful accounts Supplies Prepaid rent Merchandise inventory (38
I need help creating the Financial Statements using this information:
Cash Petty cash Accounts receivable Allowance for doubtful accounts Supplies Prepaid rent Merchandise inventory (38 @ $290) Equipment Van Accumulated depreciation Sales tax payable Employee income tax payable FICA-Social Security tax payable FICA-Medicare tax payable Warranty payable Unemployment tax payable Interest payable Notes payable Common stock Retained earnings $122,475 100 27,400 4,390 165 3,000 11,020 9,000 27,000 23,050 290 500 600 150 312 630 320 12,000 50,000 107,918Step by Step Solution
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