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Yasin Lesson 7 Assignment 1
Yasin Lesson 7 Assignment 1
Yasin Lesson 7 Assignment 1
Income Statement
Operating Expenses
Car Expense 13,600.00
General Expense 3,985.00
Postage Expense 415.00
Rental Expense 7,640.00
Wages Expense 29,820.00
Total Expenses 55,460.00
Task 3. Explain, with the net income / loss obtained how this figure
would affect the capital account of the company.
Answer: