[Solution]Use the following accounts and information to prepare, in good form, an income statement,

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…

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, 20×8.Accounts Payable$4,800Land$39,000Accounts Receivable600Notes Payable6,000Buildings52,000Rent Expense3,600Cash26,200Retained Earnings,84,400December 31, 20x7Commissions Earned19,000Salaries Expense8,400Common Stock20,000Supplies400Dividends3,000Insurance Expense1,000

The post Use the following accounts and information to prepare, in good form, an income statement,

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