Question
Legends Pty Ltd provides the following account balances: Cash at bank $56,109 Sales $295,212 Advertising expense $ 5,210 Wages and Salaries $41,210 Cost of
Legends Pty Ltd provides the following account balances: Cash at bank $56,109 Sales $295,212 Advertising expense $ 5,210 Wages and Salaries $41,210 Cost of goods sold $96,556 Supplies expense $650 Pre-paid rent $2,000 Wages payable $2,980 Rent expense $2,000 Dividends paid $26,500 Required: The Net profit for the period is:
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Intermediate Accounting
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
10th Canadian Edition, Volume 1
978-1118735329, 9781118726327, 1118735323, 1118726324, 978-0176509736
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