the following items are available from the records of honky tonk records inc at the 4375613

The following items are available from the records of Honky Tonk Records Inc. at the end of the year: Accounts payable ………… $27,000 Accounts receivable ……….. 21,000 Advertising expense ……….. 6,000 Buildings …………….. 76,000 Contributed capital ……….. 30,000 Cash ……………… 6,320 Notes payable …………. 70,000 Salaries expense …………. 9,500 Service revenue ………….. 16,820 Equipment ……………. 25,000 Required Prepare Honky Tonk’s income statement and statement of retained earnings for the year and its balance sheet at the end of the year. View Solution:
The following items are available from the records of Honky

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