example on EBIT&EBT.xlsx - ABC Company General Ledger As of...

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ABC CompanyGeneral LedgerAs of December 31, 20X1AmountAssetsCash$29,400 Accounts receivable8,100Supplies4,900Prepaid rent20,200Equipment (net)63,800LiabilitiesAccounts payable$6,300 Salaries payable4,000Sales revenue = 54,200Interest payable1,100Cost of goods sold = (15,100)Utilities payable3,700Gross profit = 39,100Bonds payable38,400Selling, general, and admin expenses = (20,Stockholders' equityOperating income (EBIT) = 18,500Common stock$60,900 Non-operating revenues = 1,400Retained earnings0Non-operating expenses = (2,100)Dividends2,100Earnings before taxes (EBT) = 17,800

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