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show all work and scratch work 1. On October 31, 2023, Kuchler borrowed $100,000 from a local bank and signed a promissory note stating principal
show all work and scratch work
1. On October 31, 2023, Kuchler borrowed $100,000 from a local bank and signed a promissory note stating principal and interest of 6% are due on October 31, 2026.
Kuchler Corp. maintains its records on a cash basis. At the end of each year, the company's accountants must covert the information in order to prepare accrual basis financial statements. The following receipts and disbursements occurred during the year ended December 31, 2023. Cas Ca: A. Prepare an accrual-basis income statement in good form for 2023. B. Determine the four balance sheet amounts that are missing above at December 31, 2023 Step by Step Solution
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