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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 402 Weeks Ago, 2 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Class, using the trial balance information below: 1. prepare a properly formatted multi-step Income Statement 2. Calculate the Gross Profit Rate and Net Income Ratio Account Debit Credit Cash 10000 Dividends 8000 Accounts Receivable 150000 Sales 750000 Equipment 375000 Dividends Payable 2000 Accumulated Depreciation 60000 Accounts Payable 25000 Advertising Expense 15000 Retained Earnings 76500 Sales Discounts 28000 Taxes Payable 12500 Rent Expense 90000 Common Stock 150000 Interest Income 10000 Interest Expense 35000 Cost of Goods Sold 375000 Total $1,086,000 $1,086,000
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