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Required information [The following information applies to the questions displayed below.] As of December 31 of the current year, Armani Company's records show the
Required information [The following information applies to the questions displayed below.] As of December 31 of the current year, Armani Company's records show the following. Hint. The owner invested $1,000 cash during the year. Cash Accounts receivable Supplies Equipment $ 10,000 9,000 7,000 4,000 Accounts payable 11,000 Armani, Capital, December 31, prior year Armani, Capital, December 31, current year 16,000 19,000 Armani, Withdrawals 13,000 Consulting revenue 33,000 Rental revenue 22,000 Salaries expense. 20,000 Rent expense 12,000 Selling and administrative expenses 8,000
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