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The following accounts were taken from the Adjusted Trial Balance column of the worksheet: Accumulated Depreciation P 3,000 Fees Earned 20,000 Depreciation Expense 3,500 Insurance

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The following accounts were taken from the Adjusted Trial Balance column of the worksheet: Accumulated Depreciation P 3,000 Fees Earned 20,000 Depreciation Expense 3,500 Insurance Expense 1,000 Prepaid Rent 4,000 Supplies 500 Utilities Expense 200 Equipment 10,000 Compute for the net income/loss for the period. Tour

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