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Home / Questions / .Use the following accounts and information to prepare, in good form, an income statement,

.Use the following accounts and information to prepare, in good form, an income statement,

.Use the following accounts and information to prepare, in good form, an income statement, statement of retained earnings, and balance sheet for Cray Enterprises for the year ended December 31, 20x8.

 

Accounts Payable

$4,800

 

Land

$39,000

Accounts Receivable

600

 

Notes Payable

6,000

Buildings

52,000

 

Rent Expense

3,600

Cash

26,200

 

Retained Earnings,

 

Commissions Earned

19,000

 

     December 31, 20x7

84,400

Common Stock

20,000

 

Salaries Expense

8,400

Dividends

3,000

 

Supplies

400

Insurance Expense

1,000

 

 

 

Dec 10 2019 View more View Less

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