CHAPTERS 3 AND 9—ADJUSTING ENTRIES AND …
Income Statement (day 1) Net sales $3 . Operating expenses Cost of goods sold. $2 Rent (jar) $2 Selling/adm expenses. $0 Total operating expenses. $4 . Operating income ($1) Interest expense (Mom/scissors) $0 Income taxes . $0 . Net income ($1) Dividends paid. $5 Cash Flow Statement (day 1) Operating Activities Net income ($1) Dec (Inc ... ................
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