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FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Question 6 of 8
Current Attempt in Progress
These financial statement items are for Concord Company at year-end, July 31, 2022.
Salaries and wages payable $2,300
Notes payable (long-term)
Salaries and wages expense
51,000
Cash
Utilities expense
22,200
Accounts receivable
30,500
Accumulated depreciation-equipment
4,700
Dividends
60,700
Depreciation expense
8,800
Retained Earnings (beginning of the year)
30,300
Equipment
Accounts payable
Service revenue
Rent revenue
Common Stock
fall
$1,900
14,600
9,600
5,500
2,600
3,900
20,200
Transcribed Image Text:Question 6 of 8 Current Attempt in Progress These financial statement items are for Concord Company at year-end, July 31, 2022. Salaries and wages payable $2,300 Notes payable (long-term) Salaries and wages expense 51,000 Cash Utilities expense 22,200 Accounts receivable 30,500 Accumulated depreciation-equipment 4,700 Dividends 60,700 Depreciation expense 8,800 Retained Earnings (beginning of the year) 30,300 Equipment Accounts payable Service revenue Rent revenue Common Stock fall $1,900 14,600 9,600 5,500 2,600 3,900 20,200
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