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Required information [The following information applies to the questions displayed below.) The adjusted trial balance for Chiara Company as of December 31 follows. Credit $

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Required information [The following information applies to the questions displayed below.) The adjusted trial balance for Chiara Company as of December 31 follows. Credit $ Debit 121,900 51,500 23,000 173,000 16,500 169,000 $ 75,000 148,000 24,000 81,000 Cash Accounts receivable Interest receivable Notes receivable (due in 90 days) office supplies Automobiles Accumulated depreciation Automobiles Equipment Accumulated depreciation Equipment Land Accounts payable Interest payable Salaries payable Unearned fees Long-term notes payable R. Chiara, Capital R. Chiara, Withdrawals Fees earned Interest earned 94,000 45,000 19,000 30,000 144,000 265, 800 53,000 534,000 32,000 .....: Next > 8 of 16 Prey 144,000 265, 800 53,000 8 534, 000 32,000 Long-term notes payable R. Chiara, Capital R. Chiara, Withdrawals Fees earned Interest earned Depreciation expense-Automobiles Depreciation expense-Equipment Salaries expense Wages expense Interest expense office supplies expense Advertising expense Repairs expense-Automobiles Totals 8 01:17:46 26,000 18,000 186, 000 38,000 35, 200 33, 800 63,500 25, 400 $1,262,800 $1,262,800 2. Calculate the profit margin for the year. Profit Margin Choose Denominator: Profit Margin Choose Numerator: 2 Profit margin / 0

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