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Would you be able to complete the questions and let me know why some of the numbers are wrong? 5-a. For the period July 1
Would you be able to complete the questions and let me know why some of the numbers are wrong?
5-a. For the period July 1 to December 31, 2018, prepare an income statement. Answer is not complete GREAT ADVENTURES, Inc. Income Statement December 31, 2018 Revenues Service revenue (Clinic) Service revenue (Racing) $ 80,900 80,900 Total revenues Expenses Advertising expense Legal fees expense Miscellaneous expense Salaries expense Depreciation expense Insurance expense Rent expense Supplies expense (Office) Interest expense Income tax expense Supplies expense (Racing) 1,190 1,600 1,000 2,400 7,600 2,220 1,600 300 2,400 14,700 150 35,160 45,740 Total expenseStep by Step Solution
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