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i want the answers of these three questions (WITH EXPLANATION) Calculate profit/loss for the month Ali Baba Tours began operations on July 1. 2022. At

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Calculate profit/loss for the month Ali Baba Tours began operations on July 1. 2022. At the end of July 2022, management prepares monthly financial statements. The following information relates to July. 1. On fuly 31, the company received its Evisalat bill for S1, 100 which it paid immediately. 2. On july 1, the company borrowed 5480,000 from a local bank on a 15-year mortgage. The annual interest rate is 1046 . 3. Collected 59000 cash for services to be performed in August. Prepare the journal entries needed on July 31, 2022 . The following items were taken from the Required: Prepare a classified balance sheet in good form as of December 31, 2022

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