The balance in the retained earnings account reflects the account balance before temporary accounts are...
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Accounting
The balance in the retained earnings account reflects the account balance before temporary accounts are closed. In addition the notes payable balance includes notes payable of 20,500 due within the next year and 87500 of notes payable that are not due for several years. Use the information given to create Coldwater co.'s annual financial statements. Construct Coldwater's multiple-step income statement for 2012.
Enter all amounts as positive numbers
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