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Statement Given the following partial worksheet, determine the amount of net income or net loss by completing the worksheet. Adjusted Trial Balance Income Balance
Statement Given the following partial worksheet, determine the amount of net income or net loss by completing the worksheet. Adjusted Trial Balance Income Balance Sheet Debit Credit Debit Credit Debit Credit Cash Accounts Receivable Office Supplies $25,000 $25,000 2,000 2,000 4,000 4,000 Prepaid Rent 8,000 8,000 Land 15,000 15,000 Building 25,000 25,000 Accumulated Depreciation, Building $12,000 $12,000 Accounts Payable 7,000 7,000 Salaries Payable 4,000 4,000 Unearned Rent 1,000 1,000 Notes Payable 6,000 6,000 Miller, Capital 19,000 19,000 Miller, Withdrawals 6,000 6,000 Service Revenue 56,000 $56,000 Rent Expense 9,000 $9,000 Salaries Expense 8,000 8,000 Supplies Expense 2,000 2,000 Utilities Expense 1,000 1,000 Total $105,000 $105,000 Net Income or Loss Total
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