Accounts for ABC Services at July 31, the end of the current year, are listed below. The common stock was $120,000 and the retained earnings was $60,000 at August1 ,the beginning of their new fiscal...


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Accounts for ABC Services at July 31, the end of the current year, are listed below. The common stock was $120,000 and the retained earnings was<br>$60,000 at August1 ,the beginning of their new fiscal current year. During the year, shareholders purchased an additional $25,000 in stock.<br>What is the net income (or loss) ?<br>Accounts payable<br>Accounts receivable<br>Cash<br>Fees earned<br>Land<br>$2,000<br>10,340<br>21,420<br>73,450<br>47,000<br>157,630<br>Miscellancous expense<br>Office expense<br>Supplies<br>Wages expense<br>Dividends<br>S 1,030<br>1,240<br>1,670<br>23,550<br>16,570<br>Building<br>

Extracted text: Accounts for ABC Services at July 31, the end of the current year, are listed below. The common stock was $120,000 and the retained earnings was $60,000 at August1 ,the beginning of their new fiscal current year. During the year, shareholders purchased an additional $25,000 in stock. What is the net income (or loss) ? Accounts payable Accounts receivable Cash Fees earned Land $2,000 10,340 21,420 73,450 47,000 157,630 Miscellancous expense Office expense Supplies Wages expense Dividends S 1,030 1,240 1,670 23,550 16,570 Building

Jun 11, 2022
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