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I-01.08 worksheet - For taxes For dividends For land...

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Name: Date: Section: I-01.08 (a) - (b) SKOUSEN CORPORATION Income Statement For the Year Ending December 31, 20X3 Revenues Services to customers - $ Expenses Rent - $ Wages - Interest - Taxes - - Net income - $ SKOUSEN CORPORATION Statement of Retained Earnings For the Year Ending December 31, 20X3 Beginning retained earnings - $ Plus: Net income - - $ Less: Dividends - Ending retained earnings - $ (c) Cash received: From customers ($1,600,000 - $125,000) $ - From stockholders - From lenders - $ - Cash payments: For rent $ - For wages - For interest
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Unformatted text preview: For taxes- For dividends- For land, building, equipment- For repayment of loans- - Ending cash $ - 1 of 2 Name: Date: Section: I-01.08 (d) SKOUSEN CORPORATION Balance Sheet December 31, 20X3 Assets Cash-$ Accounts receivable-Land-Building-Equipment-Total assets-$ Liabilities Rent payable-$ Wages payable-Interest payable-Loan payable-Total liabilities-$ Stockholders' equity Capital stock-$ Retained earnings-Total stockholders' equity-Total Liabilities and equity-$ 2 of 2...
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