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LLB Company's accounting records reported the following account balances as of December 3 1 , 2 0 3 1 : Cost of goods sold .
LLB Company's accounting records reported the following
account balances as of December :
Cost of goods sold $
Building $
Utilities payable $
Copyright $
Insurance expense
Accumulated depreciation $
Retained earnings $at Jan.
Interest revenue dotsdots......... $
Accounts receivable $
Notes payable $due
Dividends
Supplies $
Income tax expense $
Equipment $
Patent
Sales revenue $
Cash $
Common stock $
Rent expense $
Accounts payable $
Inventory
Service revenue $
Additional information:
Total current assets at DeC. were equal to
of the total assets at Dec.
Total equity at Dec. amounted to $
Dividends declared during were equal to of
the net income for
aCalculate the balance in the insurance expense account at December
bCalculate the balance in patent account at December
cCalculate the amount of gross profit reported in the Company'sIncome Statement.
dCalculate the balance in the inventory account at December
eCalculate the balance in the patent account at December
fCalculate the total assets reported in the company's December balance sheet.
gCalculate the amount of net income reported in the company's income statement.
hCalculate the balance in the retained earnings account at December Please help with all parts to my question.
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