Equipment 50,000 Interest Expense 2,400 Interest Payable 600 Retained...
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Accounting
| Equipment | 50,000 |
| Interest Expense | 2,400 |
| Interest Payable | 600 |
| Retained Earnings | ? |
| Dividends | 50,400 |
| Land | 137,320 |
| Inventory | 102,000 |
| Bonds Payable | 78,000 |
| Notes Payable (due in 6 months) | 19,400 |
| Common Stock | 60,000 |
| Accumulated Depreciation - Equip. | 10,000 |
| Prepaid Advertising | 5,000 |
| Revenue | 341,400 |
| Buildings | 80,400 |
| Supplies | 1,860 |
| Taxes Payable | 3,000 |
| Utilities Expense | 1,320 |
| Advertising Expense | 1,560 |
| Salaries and Wages Expense | 53,040 |
| Salaries and Wages Payable | 900 |
| Accumulated Depr. - Buildings | 15,000 |
| Cash | 35,000 |
| Depreciation Expense | 8,000 |
Create a multi -step income statement and retained earnings statement
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