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Section Short Ouestions (KNI, KN2: 5 marks BI: The following financial information belongs to sa 2019: Pelongs to Snow Company on December 31 Accounts Accons
Section Short Ouestions (KNI, KN2: 5 marks BI: The following financial information belongs to sa 2019: Pelongs to Snow Company on December 31 Accounts Accons Cash Accounts receivable Supplies Equipment Snow, Capital Snow, Drawings Accounts payable $6,000,000 Revenues 1.200,000 Rent expense 1,200,000 Utilities expense 3,200,000 Advertising expense 2,000,000 Depreciation expense 400,000 -Salaries expense 4,400,000 $10,000,000 400,000 1,000,000 400,000 600,000 2,000,000 Required: Prepare the income statement, statement of owner's equity and balance of Snow Company on December 31, 2019. (KN2:3 marl
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