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The following items are taken from the financial statements of the Postal Service for the year ending December 31, 2018: $18,000 Accounts payable Accounts receivable

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The following items are taken from the financial statements of the Postal Service for the year ending December 31, 2018: $18,000 Accounts payable Accounts receivable 11,000 Accumulated depreciation -equipment 28,000 21,000 Advertising expense 15,000 Cash 1,000 Common Stock 101,000 Retained Earnings (1/1/18) 14,000 Dividends 12,000 Depreciation expense 15,000 Income tax expense 3,000 Insurance expense 70,000 Note payable, due 6/30/20 6,000 Prepaid insurance (12-month policy 17,000 Rent expense 32,000 Salaries and wages expense 133,000 Service revenue 0,000 Rent expense 17,000 Salaries and wages expense 32,000 Service revenue 133,000 Supplies 4,000 Supplies expense 6,000 Equipment 210,000 Required: Prepare a multiple-step income statement for the year ending December 31, 2018. Upload Choose a File Previous Next D DII go 000 D00 F8 F7 F6 F3 F4 F5

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