Essay
Meric Corporation (a U.S.company)began operations on January 1,2014,when the owner borrowed $150,000 to start the company.In the first month of operations,Meric had the following transactions: 
The following exchange rates apply: 
Required:
Complete the summary income statement and balance sheet for the month ended January 31,2014 assuming there were no other transactions.
Correct Answer:
Verified
Correct Answer:
Verified
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