Week 1 - owners or stockholders equity. B- Her balance...

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Jonathan Sullivan Week 1 Assignments Income Statement: Revenues Company Revenue $15,600 Expenses Equipment $29,000 Supplies $3,400 Wages $1,400 Uilities $300.00 Advertising $400.00 Gas and Oil $600.00 Total Expenses $35,100
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Jonathan Sullivan Week 1 Assignments Net income $-19,500 A- A balance sheet is a snapshot of a business’ financial condition at a specific moment in time, usually at the close of an accounting period. A balance sheet comprises assets, liabilities, and
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Unformatted text preview: owners or stockholders equity. B- Her balance sheet is wrong because she did not total the liabilities separately and then add it to the stock holders equity which is what she should have done. Jonathan Sullivan Week 1 Assignments...
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Week 1 - owners or stockholders equity. B- Her balance...

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