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These partially completed Income Statement columns from a 10-column work sheet are for Brown's Bike Rental Company. The owner, H. Brown, did not make any
These partially completed Income Statement columns from a 10-column work sheet are for Brown's Bike Rental Company. The owner, H. Brown, did not make any withdrawals this period. Debit Credit Account Title Rent earned Salaries expense Insurance expense Office supplies expense Bike repair expense Depreciation expense-Bikes 119,000 52,836 7,497 17,493 3,689 22,729 (1). Use the information to determine the amount that should be entered on the net income line of the work sheet
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