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Income Statement (month ending aug 31), Statement of Retained Earnings (month ending aug 31), & Balance Sheet (at aug 31) The accounts and information for
Income Statement (month ending aug 31), Statement of Retained Earnings (month ending aug 31), & Balance Sheet (at aug 31)
The accounts and information for Gallagher Industries are listed below. Accounts payable $1,300 Dividends $3,100 Accounts receivable 6,500 Insurance expense 1,300 Buildings 70,000 Supplies 1.700 Cash 18,900 Notes payable 3.900 Service revenue 25,600 Rent expense 4,100 Common stock 59.000 Salaries and wages expense 13.800 Retained earnings (beginning) 29,600 Prepare the Income Statement and Statement of Retained Earnings for the month ending August 31, and the Balance Sheet at August 31 Step by Step Solution
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