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TT Home TWITTE (Chapters 1 & 2) Saved Help Assume that you are the owner/operator of College Park Veterinary Clinic. At the end of
TT Home TWITTE (Chapters 1 & 2) Saved Help Assume that you are the owner/operator of College Park Veterinary Clinic. At the end of the second year of operations (June 30, 2017), the following financial data for the company are available: Cash Accounts Receivable Supplies Property and Equipment Other Assets Accounts Payable Notes Payable $ 5,000 115,000 28,000 239,500 13,800 62,000 165,000 Other Liabilities 25,200 Sales Revenue 210,000 Operating Expenses 187,800. Selling and Administrative Expenses 45,200 Advertising and Marketing Expenses 21,400 Interest Expense Contributed Capital Dividends 5,000 Retained Earnings, July 1, 2016 82,000 137,000 20,500
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