Assume a Croyden Copy Center ended the month of July 2013 with these data: Requirement 1. Prepare
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Requirement
1. Prepare the income statement and the statement of retained earnings of Croyden Copy Center, Inc., for the month ended July 31,2013.
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Payments of cash: Acquisition of equipment. $410,000 Cash balance, July 1, 2013.... S 0 Dividends July 1, 201:3 July 31, 2013 Cash balance, July 31, 2013 Cash receipts: 4,800 11,100 Retained earnings Retained earnings Utilities expense Issuance (sale) of stock Rent expense Equipment 0 48,800 2,500 48,800 410,000 Office supplies 14,800 provided by operations....2,500 Accounts payable.17,300 ue...544,600 to owners 10,500 Adjustments to reconcile net income to net cash Salary expense 157,000 Service revenue
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Related Book For
Financial accounting
ISBN: 978-0132751124
9th edition
Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom
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