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Exercise 4-17_Emjay Company_financial statements




Question;Exercise 4-17These financial statement items are for Emjay Company at year-end, July 31, 2014.Salaries and wagespayable $1,963 Notes payable (long-term) $1,659Salaries and wagesexpense 51,129 Cash 14,292Utilities expense 22,944 Accounts receivable 9,644Equipment 31,457 Accumulated depreciationequip.5,606Accounts payable 4,775 Dividends 3,500Service revenue 62,759 Depreciation expense 4,480Rent revenue 8,404 Retained earnings(beginning of the year) 22,980Common stock 29,3001. Prepare an income statement for the year.2. Prepare a Retained Earnings statement for the year.3. Prepare a classified balance sheet at July 31


Paper#37233 | Written in 18-Jul-2015

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