A list of accounts for Maple Inc. at December 31, 2017, follows: Required 1. Determine cost of

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A list of accounts for Maple Inc. at December 31, 2017, follows:

A list of accounts for Maple Inc. at December 31,

Required
1. Determine cost of goods sold for 2017.
2. Determine net income for 2017.
3. Prepare a balance sheet dated December 31, 2017.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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