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Pepper Company provided the incomplete financial statements shown below as well as the following additional information: a . All sales during the year were on
Pepper Company provided the incomplete financial statements shown below as well as the following additional information:
a All sales during the year were on account.
b There was no change in the number of shares of common stock outstanding during the year.
c The interest expense on the income statement relates to the bonds payable; the amount of bonds outstanding did not change during the year.
d Selected balances at the beginning of the current year were:
tableAccounts receivable,$
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