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The following information relates to Fleete Co. for the year 2020. Instructions After analyzing the data, prepare an income statement and an owners equity statement for the year ending December 31, 2020. Owner's capital, January 1, 2020 Owner's drawings during 2020 $ 1,800 Advertising expense Rent expense Utilities expense $42,000 6,000 10,400 Service revenue 63,600 3,100 Salaries and wages expense

Chapter 1, Exercises #12
The following information relates to Fleete Co. for the year 2020.

Owner's capital, January 1, 2020 Owner's drawings during 2020 $ 1,800 Advertising expense Rent expense Utilities expense


Instructions
After analyzing the data, prepare an income statement and an owner€™s equity statement for the year ending December 31, 2020.

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Owner's capital, January 1, 2020 Owner's drawings during 2020 $ 1,800 Advertising expense Rent expense Utilities expense $42,000 6,000 10,400 Service revenue 63,600 3,100 Salaries and wages expense 30,200

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FLEETE CO. Income Statement For the Year Ended December 31, 2020 Revenues Service revenue...................................................... …View the full answer

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Related Book For answer-question
Accounting Principles

Accounting Principles

13th edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

ISBN: 978-1119411482

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