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The medical practice of Dr. W. Moore and Dr. M. Jackson had the following general ledger account balances at April 30, 2024, its fiscal
The medical practice of Dr. W. Moore and Dr. M. Jackson had the following general ledger account balances at April 30, 2024, its fiscal year end: Accounts payable $24,700 M. Jackson, drawings $110,200 Accumulated depreciation-equipment 15,600 Operating expenses 136,200 Cash 32,800 Service revenue 343,500 Equipment 68,400 W. Moore, capital 33,600 M. Jackson, capital 45,900 W. Moore, drawings 115,700 (a) Your answer is partially correct. Calculate the profit or loss for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Profit
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