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Jay, Inc, a party rental business, completed its first year of operations on December 31, Because this is the end of the annual accounting period,

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Jay, Inc, a party rental business, completed its first year of operations on December 31, Because this is the end of the annual accounting period, the company bookkeeper prepared the following tentative income statement: You are an independent CPA hired by the company to audit the company's accounting systems and review the financial

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