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The following information applies to Fedex Corporation reported its balance sheet at May 31, 2013. Assume the following alphabetically liste accounts were included in its

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The following information applies to Fedex Corporation reported its balance sheet at May 31, 2013. Assume the following alphabetically liste accounts were included in its trial balance immediately prior to preparing the financial statements FEDEX CORPORATION Adjulted Trial Balance At May 31, 2013 (millions of dollars) Debit Credit $ 3,500 $ 5,600 20,200 5,500 3,300 3,000 230 39,300 4,400 1,200 1,200 160 70 Accounts Payable Accounts Receivable Accumulated Depreciation--Equipment Cash Common Stock Depreciation Expense Dividends Equipment Goodwill Income Tax Expense Income Tax Payable Interest Expense Interest Recelvable Interest Revenue Notes Payable (long-term) Notes Payable (short-term) Office Expenses Prepaid Rent Rent Expense Repairs and Maintenance Expense Retained Earnings Salaries and Wages Expense Salaries and Wages Payable Service Revenue Supplies Transportation Expense 80 8,300 600 7,600 1,150 3,100 2.500 16,740 17,200 2,300 47,800 510 12,500 $104,020 $104,020 3-a. Prepare an income statement for the year ended May 31, 2013 FEDEX CORP. Income Statement 0 0 5. Prepare a statement of retained earnings for the yea FEDEX CORP. Statement of Retained Earnings Beginning Balance, 6/1/2012 Ending Balance, 5/31/2013 $ 0 Prepare a balance sheet at May 31, 2013. (Amounts to be deducted should be indicated by a minus sign.) FEDEX CORP. Balance Sheet 0 0 0 0 $ 0

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