Principles of Accounting
Principles of Accounting
12th Edition
ISBN: 9781133626985
Author: Belverd E. Needles, Marian Powers, Susan V. Crosson
Publisher: Cengage Learning
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Chapter 2, Problem 5SE
To determine

Identify which account is to debit or credit for the given transaction.

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Bowen Corporation had sales revenue of $925,000 and cost of goods sold of $555,000. Operating expenses were $245,000, which included depreciation expense of $35,000. The company also recorded interest expense of $28,000. What was Bowen Corporation's income before taxes?
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Principles of Accounting

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