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L & L Company has the following account balances for the year ending 12/31/xx. All accounts have a normal balance. Cash $2, 720 Notes Payable
L & L Company has the following account balances for the year ending 12/31/xx. All accounts have a normal balance. Cash $2, 720 Notes Payable $570 Supplies $140 Prepaid Rent $130 Accounts Payable $310 Equipment $1, 130 Accounts Receivable $450 Utilities Expense $50 Common Stock $890 Prepaid Insurance $360 Retained Earnings $240 Insurance Expense $350 Dividends $110 Unearned Rent Revenue $770 Rent Revenue $4, 650 Depreciation Expense $70 Rent Expense $60 Accumulated Depreciation $130 Supplies Expense $180 Wages Expense $1, 640 Salary Expense $380 Wages Payable $210 Using the information above prepare the Income Statement
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