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Select the accounts that would appear on the income statement and prepare the income statement. begin{tabular}{|l|r|} hline Short Term Notes Payable & 24,000 hline
Select the accounts that would appear on the income statement and prepare the income statement.
\begin{tabular}{|l|r|} \hline Short Term Notes Payable & 24,000 \\ \hline Cash & 30,000 \\ \hline Rent Expense & 17,000 \\ \hline Common Stock & 64,000 \\ \hline Accounts Payable & 20,000 \\ \hline Accounts Receivable & 24,000 \\ \hline Equipment & 125,000 \\ \hline Land & 34,000 \\ \hline Long Term Notes Payable & 80,000 \\ \hline Retained Earnings, Ending & 41,000 \\ \hline Service Revenue & 104,000 \\ \hline Inventory & 15,000 \\ \hline Interest Expense & 10,000 \\ \hline Wages Expense & 55,000 \\ \hline \end{tabular}Step by Step Solution
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