HW3 - Jack Meehan Accounting 152 CP, P.9 9/4/2007 Section...

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Jack Meehan Accounting 152 CP, P.9 9/4/2007 Section 111 CP, P.9 MacClenny Manufacturing Company Income Statement For the period ended December 31, 20XX Revenue Sales 12600 Beginning Inventory 0 Purchases 8000 Gross Available for Sale 8000 Less Ending Balance 2400 COGS 5600 Gross Margin 7000 Selling, General and Administrative Costs 4000 Net Income 3000 MacClenny Manufacturing Company Balance Sheet December 31, 20XX Assets Current Assets Cash 12600 Inventory 2400 15000 Liabilities 0 Owners Equity Common Stock 12000 Retained Earnings 3000 15000 Total Liabs and Owners Equity 15000 Part B MacClenny Manufacturing Company Income Statement For the period ended December 31, 20XX Revenue Sales 12600 Beginning Inventory 0 Purchases 12000 Gross Available for Sale 12000 Less Ending Balance 3600 COGS 8400 Gross Margin 4200 Selling, General and Administrative Costs 0
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Net Income 4200 MacClenny Manufacturing Company Balance Sheet December 31, 20XX Assets Current Assets Cash 12600 Inventory 3600 16200 Liabilities
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HW3 - Jack Meehan Accounting 152 CP, P.9 9/4/2007 Section...

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