Suppose a company had the following accounts and balances at year end: Sales revenue .......... $5,400 Interest

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Suppose a company had the following accounts and balances at year end:

Sales revenue .......... $5,400

Interest revenue ......... $1,200

Rent expense .......... $1,240

Other operating expenses ...... $3,050

Dividends paid .......... $1,000

Calculate net income by preparing the income statement for the year.

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Financial Accounting: A Business Process Approach

ISBN: 978-0136115274

3rd edition

Authors: Jane L. Reimers

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Question Posted: Sep 01, 2014 12:20 PM

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Suppose a company had the following accounts and balances at year end: Sales revenue .......... $5,400 Interest

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Company Income Statement For the year ended Service revenue 5400 ...View the full answer

Financial Accounting: A Business Process Approach

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