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Question 7 10 pc On December 31, 2027, the adjusted year-end account balances of the McLean Company were as follows: Accounts Payable $16,250 Equipment $70,000
Question 7 10 pc On December 31, 2027, the adjusted year-end account balances of the McLean Company were as follows: Accounts Payable $16,250 Equipment $70,000 Accounts Receivable 13,000 Interest Revenue 2,200 Accumulated Amortization 12,000 Merchandise Inventory 40,500 Amortization Expense 4,000 Rent and Utilities Expense 38,500 Cash 3,500 Sales 491,150 Cost of Goods Sold 299,850 Salaries Expense 118,000 Don McLean, Capital 66,500 Bank Loan Long-term 14,250 Don McLean, Withdrawals 15,000 Required: Prepare, in good form, a multi-step income statement. Note you are not able to do underlining or double underlining, all other formatting is required. Recommended but not required to create a table as shown below, add rows as needed. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BI U S Paragraph Arial v 10pt Ev Av IK % o 6 a se
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