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Please answer according to the boxes arranged. If you are not sure let someone else answer it. thank you The following selected accounts from Swifty
Please answer according to the boxes arranged. If you are not sure let someone else answer it. thank you
The following selected accounts from Swifty Corporation's general ledger are presented below for the year ended December 31, 2021: $1,797,120 142,560 Accounts payable Accounts receivable Accumulated depreciation-equipment Cash $105,840 159,840 618,840 12,960 324,000 2,079,000 300,240 Equipment Income tax expense Insurance expense Inventory Prepaid expenses Retained earnings Salaries expense 138,240 403,920 48,600 730,080 Common shares Cost of goods sold Depreciation expense 994,680 Sales 4,298,400 Prepare a multiple-step statement of income. SWIFTY CORPORATION Statement of Income (Multiple-step) $ ta $Step by Step Solution
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