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Required information [The following information applies to the questions displayed below] The adjusted trial balance...

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Accounting

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Required information [The following information applies to the questions displayed below] The adjusted trial balance for Chiara Company as of December 31 follows. Credit Debit $ 139,380 50,500 22,800 172,880 17,000 173,000 $ 180,000 138,888 22,888 83,000 Cash Accounts receivable Interest receivable Notes receivable (due in 90 days) Office Supplies Automobiles Accumulated depreciation Automobiles Equipment Accumulated depreciation-Equipment Land Accounts payable Interest payable Salaries payable Unearned fees Long-term notes payable R. Chiara, Capital R. Chiara, Withdrawals Fees earned Interest earned Depreciation expense-Automobiles Depreciation expense-Equipment Salaries expense Wages expense Interest expense Office supplies expense Advertising expense Repairs expense-Automobiles Totals 105,000 58,888 25,000 34,00 148,888 285, see 50,880 474,80 32,88 25,500 19,000 198,888 40,000 32.000 33,882 63,500 27,280 $1,275,880 $1,275,880 2 Calculate the profit margin for the year. Profit Margin Choose Denominator: Choose Numerator: / = Profit Margin Profit margin = 4

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