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Prepare bisceglia income statement

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Problem - Prepare Bisceglia's income statement, statement of retained earnings, and balance sheet for the year ending December 31, 20X5. The following information is all that is available. Be sure to prepare proper headings and dates on each financial statement.

Capital stock                          $41,000         Rent expense                $10,000

Wage expense                        37,000          Accounts payable           4,000

Revenue                                90,000           Equipment                     80,000

Cash                                     9,000             Dividends                      5,000

Utilities expense                     6,000             Accounts receivable       19,000

Beginning retained earnings    11,000            Notes payable               20,000

Reference no: EM131624229

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