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Part 1. The company Muebles de la Montaa has the following transactions in its ledger. Complete a multiple-step income statement. ACCOUNT BALANCE ACCOUNT BALANCE Cash
Part 1. The company Muebles de la Montaa has the following transactions in its ledger. Complete a multiple-step income statement.
| ACCOUNT | BALANCE | ACCOUNT | BALANCE |
| Cash | $75,000 | Sales | $1,650,000 |
| Accumulated Depreciation-Truck | 15,000 | Account Receivable | 50,000 |
| Building | 550,000 | Note Payable | 45,000 |
| Truck | 35,000 | Joe Doe, Capital | 500,000 |
| Cost of Merchandise Sold | 650,000 | Joe Doe, Drawings | 20,000 |
| Advertising Expense | 12,000 | Administrative Expense | 3,300 |
| Utilities Expense | 1,200 | Telephone Expense | 2,000 |
| Supplies | 4,500 | Salaries Expense | 29,000 |
| Salaries Payable | 3,000 | Equipment | 26,000 |
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Data Analysis And Sampling Simplified A Practical Guide For Internal Auditors
Authors: Donald A. Dickie PhD
1st Edition
1634540611, 978-1634540612
