Essay
The following data was taken from the books as at December 31, 2020 of Jericho Inc.: 
Instructions
a) Determine the gross profit and net income.
b) Calculate the balance in the retained earnings account as of December 31, 2020.
c) Calculate the working capital.
Correct Answer:
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a) Gross profit = $105,550 - 59,000 = $4...View Answer
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Correct Answer:
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View Answer
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