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Accounting Assignment
Aardvark Company has provided the following account balances as of February 28, 2017. Income and expense amounts are for the month of February 2017.
Cash
16,000
Inventory
23,500
Accounts payable
5,200
Land
22,000
Accounts receivable
14,500
Note payable - current portion
7,000
Accumulated depreciation
1,200
Note payable - long-term
15,000
Additional paid-in capital
8,000
Office equipment
9,000
Common stock
1,000
Rent expense
17,000
Depreciation expense
800
Retained earnings
6,850
Income tax expense
500
Salary expense
9,500
Income tax payable
300
Salaries payable
3,000
Insurance expense
5,000
Service revenue
65,000
Interest expense
3,100
Travel expense
850
Interest payable
Unearned revenue
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