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  • These Items Are Taken From The Financial Statements of Finn

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    M Bilal Saleem
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    Finn Corporation's 2010 financial statements include items such as retained earnings of $31,000 at the beginning of the year, revenues of $72,000 from service revenue, and expenses such as $37,000 in salaries expense and $3,300 in depreciation expense. The document provides account balances and transactions for 2010 to prepare an income statement, retained earnings statement, and classified balance sheet as of December 31, 2010 for Finn Corporation.

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    These Items Are Taken From the Financial Statements of Finn

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    Finn Corporation's 2010 financial statements include items such as retained earnings of $31,000 at the beginning of the year, revenues of $72,000 from service revenue, and expenses such as $37,000 in salaries expense and $3,300 in depreciation expense. The document provides account balances and transactions for 2010 to prepare an income statement, retained earnings statement, and classified balance sheet as of December 31, 2010 for Finn Corporation.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    3 views1 page

    These Items Are Taken From The Financial Statements of Finn

    Uploaded by

    M Bilal Saleem
    Finn Corporation's 2010 financial statements include items such as retained earnings of $31,000 at the beginning of the year, revenues of $72,000 from service revenue, and expenses such as $37,000 in salaries expense and $3,300 in depreciation expense. The document provides account balances and transactions for 2010 to prepare an income statement, retained earnings statement, and classified balance sheet as of December 31, 2010 for Finn Corporation.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    These items are taken from the financial statements of Finn

    These items are taken from the financial statements of Finn Corporation for 2010.Retained
    earnings (beginning of year) ....... $31,000Utilities expense ................. 2,000Equipment
    .................. 66,000Accounts payable ............... 18,300Cash .................... 12,900Salaries
    payable ................. 3,000Common stock ................ 13,000Dividends .................. 12,000Service
    revenue .................. 72,000Prepaid insurance ............... 3,500Repair expense ................
    1,800Depreciation expense .............. 3,300Accounts receivable ................ 14,200Insurance
    expense ................ 2,200Salaries expense ................ 37,000Accumulated depreciation ............
    17,600InstructionsPrepare an income statement, a retained earnings statement, and a
    classified balance sheet as of December 31, 2010.View Solution:
    These items are taken from the financial statements of Finn
    SOLUTION-- http://expertanswer.online/downloads/these-items-are-taken-from-the-financial-
    statements-of-finn/

    See Answer here expertanswer.online


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