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

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Accounting

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Use the following accounts and information to prepare, in good form, an income statement, statement of retained earnings, and balance sheet for Smith Enterprises for the year ended December 31, 2011. Cash Accounts Receivable Supplies Land Buildings Notes Payable Accounts Payable Mortgage Payable Common Stock Dividends Service Revenue Rent Expense Wage Expense Insurance Expense 4,700 5,600 5,000 $ 48,000 39,000 4,500 $ 3,600 2,000 70,000 5,000 44,000 4,700 10,300 1.800

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