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From the following alphabetical list of account balances, all of which are normal, for Kasper Company on July 31, 2010, prepare a trial balance in proper form (accounts in chart of accounts order)
Accts Payable:$500
Accts Rec:200
Cash:80
Equipment:700
Common Stock:100
Retained Earnings:50
Prepaid Advertising:20
Revenue Earned:400
Wages Expense:70
Wages Payable:50
Dividends:30
Let's think through an example: Company A produces gadgets at $2 VC and incurs $200,000 FC per month.
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Can you give an example of what this number may look like by using the income statement of a real-life company?
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