7 lo credit 40 5000 2500 800 1200 50 10000 0 10600

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Unformatted text preview: ce Expense 50 Interest Expense 50 Depreciation Expense 40 $ 30,190 Chapter 3-44 LO 7 LO Credit $40 5,000 2,500 800 1,200 50 10,000 0 10,600 $ 30,190 Retained Earnings Statement PIONEER ADVERTISING AGENCY INC. Retained Earnings Statement For the Month Ended October 31, 2008 Retained earnings, October 1 $0 Add: Net income 2,860 Less: Dividends Retained Earnings, October 31 2,360 2,860 500 Describe the nature and purpose of an adjusted trial balance. Describe Preparing Financial Statements Preparing Financial Statements Account Debit Cash $ 15,200 Accounts Receivable 200 Advertising Su...
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This note was uploaded on 01/14/2012 for the course ACCOUNT 102 taught by Professor Adams during the Spring '11 term at Bradford School of Business.

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