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Prepares the income and expense status of an echo stage, with the following G/L account information as of December 31, 20xx Accounts payable Accounts receivable Office cumulative depreciation Cumulative building depreciation Administrative expenses Echo capital Cash 97,200 64,300 72,750 162,100 56,500 81,750 53,000 121,700 52,000 12,000 93,250 154,000 149,750 6,500 17,500 28,700 365,500 41,500 325,000 4,000 Costs of goods sold I take withdrawals Interest expense Merchandise inventory Notes payable Office team Prepaid insurance Income from rent Wages payable Sales Expenses per sale Team Office materials

Prepares the income and expense status of an echo stage, with the following G/L account information as of December 31, 20xx Accounts payable Accounts receivable Office cumulative depreciation Cumulative building depreciation Administrative expenses Echo capital Cash 97,200 64,300 72,750 162,100 56,500 81,750 53,000 121,700 52,000 12,000 93,250 154,000 149,750 6,500 17,500 28,700 365,500 41,500 325,000 4,000 Costs of goods sold I take withdrawals Interest expense Merchandise inventory Notes payable Office team Prepaid insurance Income from rent Wages payable Sales Expenses per sale Team Office materials

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Prepares the income and expense status of an echo stage, with the following G/L account information as of December 31, 20xx Accounts payable Accounts receivable Office cumulative depreciation Cumulative building depreciation Administrative expenses Echo capital Cash 97,200 64,300 72,750 162,100 56,500 81,750 53,000 121,700 52,000 12,000 93,250 154,000 149,750 6,500 17,500 28,700 365,500 41,500 325,000 4,000 Costs of goods sold I take withdrawals Interest expense Merchandise inventory Notes payable Office team Prepaid insurance Income from rent Wages payable Sales Expenses per sale Team Office materials
Transcribed Image Text:Prepares the income and expense status of an echo stage, with the following G/L account information as of December 31, 20xx Accounts payable Accounts receivable Office cumulative depreciation Cumulative building depreciation Administrative expenses Echo capital Cash 97,200 64,300 72,750 162,100 56,500 81,750 53,000 121,700 52,000 12,000 93,250 154,000 149,750 6,500 17,500 28,700 365,500 41,500 325,000 4,000 Costs of goods sold I take withdrawals Interest expense Merchandise inventory Notes payable Office team Prepaid insurance Income from rent Wages payable Sales Expenses per sale Team Office materials
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