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Multiple-step income statement and balance sheet The following selected accounts and their current balances appear in the ledger of Kanpur Co. for the fiscal year
Multiple-step income statement and balance sheet The following selected accounts and their current balances appear in the ledger of Kanpur Co. for the fiscal year ended June 30, 20Y7: Account Amount Cash $119,400 Accounts Receivable 323,900 Inventory 362,800 Estimated Returns Inventory 5,000 Office Supplies 11,200 Prepaid Insurance 8,700 Office Equipment 262,700 Accumulated DepreciationOffice Equipment 178,500 Store Equipment 819,900 Accumulated DepreciationStore Equipment 262,700 Accounts Payable 178,8
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