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Complete the financial statements that follow by determining the amounts that correspond to the letters Assume no new investments by owners Income statement Revenues

Complete the financial statements that follow by determining the amounts that correspond to the letters. (Assume no new investments by owners.) Income statement Revenues......... $11,100 Expenses.......... (a) Net income......... $ (b) Statement of Owner’ Equity Beginning balance..... $29,000 Net income......... (c) Less withdrawals...... 2,000 Ending balance........ $30,000 Balance Sheet Total assets........... $ (d) Total liabilities........ $16,000 Owner’s equity (T. Proviso, capital). (e) Total liabilities and owner’s equity... $ (f)

Jun 25 2020 View more View Less

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