ABC Company opened on January 1, Year 1. ABC Company reported the following for cash revenue...
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ABC Company opened on January 1, Year 1. ABC Company reported the following for cash revenue and cash expenses for years 1 through 3: Year 1 Year 2 Year 3 Cash Revenue $10,000 $22,000 $35,000 Cash Expenses $2,000 $4,500 $6,800 ABC Company had no other transactions during these three years. What is ABC Company's Year 3 after close Retained Earnings balance? ABC Company opened on January 1, Year 1. ABC Company reported the following for cash revenue and cash expenses for years 1 through 3: Year 1 Year 2 Year 3 Cash Revenue $10,000 $22,000 $35,000 Cash Expenses $2,000 $4,500 $6,800 ABC Company had no other transactions during these three years. What is ABC Company's Year 3 after close Retained Earnings balance?
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Computation of Net Income for Year 1 Year 2 and Year 3 To calculate the Year 3 after close Retained ... View the full answer
Related Book For
Survey Of Accounting
ISBN: 9781260575293
6th Edition
Authors: Thomas Edmonds, Christopher Edmonds, Philip Olds
Posted Date:
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