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The adjusted trial balance of CAS company at December 31, 2020, includes the following account balances: Owners Drawings $5,000, Service Revenue $$40,000, Salaries and Wages
The adjusted trial balance of CAS company at December 31, 2020, includes the following account balances: Owners Drawings $5,000, Service Revenue $$40,000, Salaries and Wages Expense $15,000, Insurance Expense $2,500, Rent Expense $3,000, Supplies expense $2,500, Accounts Receivable $20,000, Depreciation Expense $1,500. Prepare an income statement for the year 2020.
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