At the beginning of September, Alexander Parker started Parker Investment Services, a firm that offers advice about
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Cash Accounts Receivable Office Supplies Office Equipment Accounts Payable Alexander Parker, Capital, $72,800 5,500 15,000 700 8,000 $32,100 Fees Income 3,000 Advertising Expense 2,400 Salaries Expense 36,500 Telephone Expense 4,700Withdrawals September 1, 2013 25,700
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Determination of Net Income The net income is determined by deducting expenses from rev...View the full answer
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Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0073396958
2nd edition
Authors: David Haddock, John Price, Michael Farina
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