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Use the following accounts and information to prepare, in good form, an income statement, statement of retained earnings, and balance sheet for Cray Enterprises for the year ended December 31, 20x9.

  • Account Payable $ 4,800
  • Accounts Receivable 600
  • Buildings 52,000
  • Cash 26,200
  • Commissions Earned 19,000
  • Common Stock 20,000
  • Dividends 3,000
  • Insurance Expense 1,000
  • Land 39,000
  • Notes Payable 6,000
  • Rent Expense 3,600
  • Retained Earnings, December 31, 20x8 84,400
  • Salaries Expense 8,400
  • Supplies 400

Reference no: EM13576298

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