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This is actually for accounting sorry, thank you! 2. Using the following below, build the balance sheet and income statement for this merchandize business. Cash
This is actually for accounting sorry, thank you!
2. Using the following below, build the balance sheet and income statement for this merchandize business. Cash - $10,000 Accounts Receivable - $80,000 Sales Discounts - $4,000 Sales Expense - $5,500 Owner's Equity - $ 58,000 Gross Profit - $56,000 Accounts Payable - $30,500 Unearned Rent - $3,500 Equipments - $ 25,000 Interest Expense $1,000 Cost of Goods Sold - $78,000 Administrative Expenses - $4,000 Wages Payable - $8,000 Accumulated Depreciation, Equipments - $15,000 or Interest Revenue - $1,500 Sales - $138,000 Step by Step Solution
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