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Question 2 Use the following information to calculate for the year ended December 31, 2017 (a) net income (net loss), (b) ending retained earnings,
Question 2 Use the following information to calculate for the year ended December 31, 2017 (a) net income (net loss), (b) ending retained earnings, and (c) total assets. Supplies $ 1,500 Other operating expenses 10,000 Service revenue Cash $19,000 15,000 Accounts payable 11,000 Dividends 6,000 Accounts receivable 4,000 Notes payable 1,000 Common stock 10,000 Equipment 9,500 Retained earnings (beginning) 5,000
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