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Julli [10]
2 years ago
9

Below are the account balances for a company at the end of December. Accounts Balances Cash $ 4,900 Salaries expense 1,950 Accou

nts payable 2,900 Retained earnings 3,950 Utilities expense 1,000 Supplies 13,300 Service revenue 8,800 Common stock 5,500 Required: Use only the appropriate accounts to prepare an income statement.
Business
1 answer:
Alexus [3.1K]2 years ago
5 0

Answer:

See below

Explanation:

The preparation of the end December income statement for the company is seen below;

Service revenue

$8,800

Less:

Salaries expenses

($1,950)

Utilities expenses

($1,000)

Net income

$5,850

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3 years ago
The partnership of Frick, Wilson, and Clarke has elected to cease all operations and liquidate its business property. A balance
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Answer:

PART A:

For preparing the predistribution plan we first caluclate the order of partnership elimination based on their capital accounts and the profit sharing ratio.

The lowest capital contributor is eliminated first and so on. Which is attached in figure 1

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How are resources allocated in a traditional economy?
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Why does a comma need to follow the word rain in this sentence?this is the following question, The weather guy said that it was
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Eng grammar

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Assume that the marginal cost​ (MC) of production is increasingincreasing. Can you determine whether the average variable cost​
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When MC is above AVC, MC is pushing the average up; therefore when MC is rising, AVC is rising.

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