Use EMBG's adjusted trial balance to prepare the company's income statement. EMBG CORPORATION Adjusted Trial...
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Use EMBG's adjusted trial balance to prepare the company's income statement. EMBG CORPORATION Adjusted Trial Balance For Year Ending December 31, 2016 Debit Credit Cash $ 44,000 Accounts receivable 28,000 Equipment 376,000 Accumulated depreciation $ 72,000 Notes payable 60,000 Common stock 130,000 Retained earnings 62,000 Sales 326,000 Rent expense 44,000 Salaries expense 116,000 Depreciation expense 42,000 0 Totals $650,000 $650,000 Question 7 options
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