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the following information relates to Vaughan co for the year 2020 owners capital january 12020 65000 drawings during 2020 6700 service revenue 63500 salaries and

the following information relates to Vaughan co for the year 2020 owners capital january 12020 65000 drawings during 2020 6700 service revenue 63500 salaries and wage expense 30000 advertising expense 7500 rent expense 9500 utilities expense 2500 prepare an income statement for the year ending dec 31 2020

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