Question

Below are the financial accounts of Bradford Realty, Inc. The company has just completed its 5th year of operations ended October 31, 2011.


REQUIRED
1. Prepare the income statement, statement of retained earnings, and balance sheet for Bradford Realty.
2. Explain the difference between Commissions Expense and Commissions Payable.
3. Evaluate the company’s ability to meet its bills when they comedue.


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  • CreatedSeptember 10, 2014
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