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What amount should appear in income statement for sawyer ltd

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Reference no: EM132979158

Question 1: Sawyer Ltd has a year-end of December 31st. On August 31, 2020, it paid (in cash) $30,000 of rent for the six months ending on February 28, 2021. What amount should appear in the 2020 income statement? What amount should appear on the closing balance sheet for 2020? Record these transactions in a transaction worksheet.

Reference no: EM132979158

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