Financial statement format
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How would I complete the following in a financial statement format?
Problem: Company A had the following transactions in March:
a. Sold instruments to customers for $10K; received $6k in cash and the rest on account.
The cost of the instruments was $7K
b. Purchased $4K of new instruments inventory; paid $1K in cash and owed the
rest on account.
c. Paid $600 in wages for the month
d. Received a $200 bill for utilities that will be paid in April.
e. Received $1K from customers as deposits on orders of new instruments to be sold to the customers in April.
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How would I complete the following in a financial statement format? Problem: Company A had the following transactions in March:
a. Sold instruments to customers for $10K; received $6k in cash and the rest on account.
The cost of the instruments was $7K
Cash 6,000
Accounts ...
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