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How would you prepare an income statement

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Reference no: EM133053791

Question - How would you prepare an income statement with the following ending balances in these accounts?

Cash $49,910

Accounts receivable $900

Supplies $800

Equipment $5200

Accounts payable $5200

Notes payable $11,000

Capital 30,000

Service revenue $16,400

Advertising expense $1325

Rent expense $1200

Salary expense $2500

And utilities expense $765

Reference no: EM133053791

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