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I need help with 5-6A but you also need to used question 5-5a so i posted both of them in one. 275 year ended May
I need help with 5-6A but you also need to used question 5-5a so i posted both of them in one.
275 year ended May 31, 2018 Cash S 2.949 100 22,500 13,500 Cost of Goods Sold Sales Salaries Expense 11,343.000 7,850.000 Expense Store E Office Salaries Expense 41,500 Note Payable 28,100 (final payment due 2024) 21,000 1. Prepare a multiple-step income statement. 2. Prepare a retained earnings statement. 3 Prepare e current portion of the note payable is S50. Bri PR 5-6A Single Obj. 3, 4 1. Prepare a single-step income statement in the format shown in Exhibit 12 2. Prepare a retained earnings statement. 3. Prepare balance sheet, assuming that the current portion of the note payable is $50,000. 4. Prepare closing entries as of May 31, 2018. EXEL TENPLATEStep by Step Solution
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