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The assets, liabilities, and equities of Damon Design Studio have the following balances at December 31, 2018. The owner, Eric Damon, began the year with
The assets, liabilities, and equities of Damon Design Studio have the following balances at December 31, 2018. The owner, Eric Damon, began the year with a $39,000 capital balance, contributed $13,000, and withdrew $57,000 during the year. (Click the icon to view the account balances.) Prepare the income statement for Damon Design Studio for the year ending December 31, 2018, - X Data Table S 14,000 Office Furniture $ 48,400 23,000 7,200 3,200 Notes Payable Rent Expense Cash Office Supplies Salaries Expense Property Tax Expense 5,100 Utilities Expense Accounts Payable Service Revenue Accounts Receivable Miscellaneous Expense 3,600 154,600 9,300 65,000 2,200 3,800 Print Print Done Net Income
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