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Using the information below, prepare a year-end income statement from the adjusted trial balance of Dodson Containers. DODSON Containers Adjusted Trial Balance December 31, 20xx
Using the information below, prepare a year-end income statement from the adjusted trial balance of Dodson Containers.
DODSON Containers Adjusted Trial Balance December 31, 20xx $3,050 400 830 80 4,200 Cash Accounts Receivable Prepaid Insurance Office Supplies Office Equipment Accumulated Depreciation Office Equipment Buildings Accumulated Depreciation Buildings Land Wages Payable Property Taxes Payable Interest Payable Unearned Rent Long-term Notes Payable Frank Dodson, Capital Frank Dodson, Withdrawals Rent Earned Wages Expense Utilities Expense Property Taxes Expense Insurance Expense Office Supplies Expense Depreciation Expense Office Equipment Depreciation Expense-Building Interest Expense Totals 1,100 98,000 28,000 115,000 880 1,400 2,200 460 150,000 40,340 21,000 67,500 29,000 2,900 2,400 5,800 250 400 5,570 3,000 $291,880 $291,880Step by Step Solution
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