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The following is a listing of some of the balance sheet accounts and all of the income statement accounts for Mccartney Inc. as they appear
The following is a listing of some of the balance sheet accounts and all of the income statement accounts for Mccartney Inc. as they appear on the company's adjusted trial balance. Accounts Payable Accounts Receivable Inventory Advertising Expense Cost of Goods Sold Delivery Expense Income Tax Expense Insurance Expense Rent Expense Sales Revenue Sales Discounts Sales Returns & Allowances $ 30,000 33,000 60,000 36,000 267,000 18,000 6,000 3,000 36,000 480,000 33,000 57,000 Net income would be: Multiple Choice $42.000 $27,000 o o o o $24,000 $30,000
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