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The Perry Corporation completed the following transactions for the month: Owners begin company by investing $58,000 Purchased $5,900 of office equipment Sold $25,620 of services
The Perry Corporation completed the following transactions for the month: Owners begin company by investing $58,000 Purchased $5,900 of office equipment Sold $25,620 of services to customers on account Paid employee payroll of $17,400 Borrowed $7,400 from a bank Based on these transactions, what are the company's total assets at the end of the month? The Winger Company recently sold 2,500 units for $100 each; reported total fixed costs of $40,000 and net income of $47,500. If the company's price per unit increased by $5 and its volume decreased by 250 units, what would be the company's projected net income? The Barnes Company started operations in 2019 when owners invested $40,000. During the year the company recorded $185,400 in revenues, $160,300 in expenses and $1,500 in dividends. The following year the company recorded $182,300 in revenues, $174,100 in expenses and no dividends. What is total equity at the end of 2020
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