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Financial and Managerial Accounting- Exercise 2.13 An experienced accountant for Yarnell Company-ANSWER KEY (INSTANT DOWNLOAD)

Financial and Managerial Accounting- Exercise 2.13 An experienced accountant for Yarnell Company-ANSWER KEY (INSTANT DOWNLOAD)
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Solution Guide / Answer Key:

 

Financial and Managerial Accounting (The basis for Business Decisions) 15th Edition Jan Williams, Sue Haka, Mark Bettner, Joseph Carcello

 

Exercise 2.13 An experienced accountant for Yarnell Company prepared the following income statement for the month of August 2009 Revenues: Services provided to customers......15,000 Investment by stockholders..........5,000 Loan from bank......................15,000 $35,000 Expenses: Payment to long term creditors......12,000 Expenses required to provide services to customers.............7,500 Purchase of land....................16,000 $35,500 Net loss.............................. $500.00 Prepare a revised income statement in accordance with generally accepted accounting principles.

 

FILE: MS WORD

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