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Mr. Cash is the owner of Money Management Company. The following is a list of his assets and liability accounts for March 2021: - Bank
Mr. Cash is the owner of Money Management Company. The following is a list of his assets
and liability accounts for March 2021:
- Bank $65,000
- Automobile $5000
- Supplies $500
- A/R - Prose Portraits $2500
- Building $90,000
- A/P - Gray Designs $150
- Bank Loan $5000
- Mortgage $40,000
- Mr.Cash, Capital ???
Create an income statement for Money Management Company. Were they
profitable for the month of April 2015?
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