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Use the following information for the year ended December 31, 2017. Supplies$1,500 Service revenue $19,000Other operating expenses10,000Cash15,000Accounts payable 11,000Dividends6,000Accounts receivable 4,000Notes payable 1,000Common stock 10,000Equipment
Use the following information for the year ended December 31, 2017.
Supplies$1,500
Service revenue
$19,000Other operating expenses10,000Cash15,000Accounts payable
11,000Dividends6,000Accounts receivable
4,000Notes payable
1,000Common stock
10,000Equipment
9,500Retained earnings(beginning)5,000
Calculate the following:(Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
Net income / (net loss)
$
Ending retained earnings
$
Total assets
$
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