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Business, 24.06.2020 19:01 school4life110

Selected data from the ledger of Burt Co., after adjustments, on September 30, the end of the fiscal year, are listed as follows: Accounts Receivable $39,120 Office Equipment $82,700 Accumulated Depreciation 60,540 Prepaid Insurance 4,680 Administrative Expenses 90,000 Note Payable 77,750 Bob Burt, Capital 85,000 Salaries Payable 3,060 Bob Burt, Drawing 65,000 Sales 950,000 Cost of Merchandise Sold 550,000 Selling Expenses 102,000 Interest Revenue 10,000 Supplies 3,125 Required: Prepare a single-step income statement and a statement of owner's equity. Refer to the lists of Accounts in the information given, Labels, and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. If an amount is a negative number use a minus sign to indicate. Colon (:) sign will automatically appear if it is required.

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Selected data from the ledger of Burt Co., after adjustments, on September 30, the end of the fiscal...
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