The accountant for Coulombe Company is almost finished preparing the work sheet for the year ended July
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The accountant for Coulombe Company is almost finished preparing the work sheet for the year ended July 31, 2021. The totals of the accounts in the income statement and balance sheet columns are presented below. Calculate the profit or loss, write this number in the proper columns, and calculate the final totals for these columns. Clearly indicate whether the company had a profit or a loss.
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Income Statement Balance Sheet Dr Cr Dr Cr Totals 75000 95500 191000 ...View the full answer
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Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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