Please make an income statement! Stock 39,000 Cash 13,800 AR 4,200 Inventory 16,800 PPE 34,900 Depreciation M1 5,000 AP 5,400 Loan 6,900 RE 13,400 Sales 71,400 Collected 70,200 Inventory Sold 10,100 Wages 25,900 Admin 6,400 Depreciation M2 5,000 Interest 690 IT Expense 5,900 Dividends 10,000 Interest Rate 10% Please don't provide answer in image format thank you
Please make an income statement! Stock 39,000 Cash 13,800 AR 4,200 Inventory 16,800 PPE 34,900 Depreciation M1 5,000 AP 5,400 Loan 6,900 RE 13,400 Sales 71,400 Collected 70,200 Inventory Sold 10,100 Wages 25,900 Admin 6,400 Depreciation M2 5,000 Interest 690 IT Expense 5,900 Dividends 10,000 Interest Rate 10% Please don't provide answer in image format thank you
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Please make an income statement!
Stock 39,000
Cash 13,800
Inventory 16,800
PPE 34,900
AP 5,400
Loan 6,900
RE 13,400
Sales 71,400
Collected 70,200
Inventory Sold 10,100
Wages 25,900
Admin 6,400
Depreciation M2 5,000
Interest 690
IT Expense 5,900
Dividends 10,000
Interest Rate 10%
Please don't provide answer in image format thank you
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