Essay
Piel Corporation (a U.S.company)began operations on January 1,2015,when common stock was issued for $250,000.In the first two months of operations,Piel had the following transactions:
The following exchange rates apply:
Required:
Complete the summary income statement and balance sheet for the month ended January 31,2015 and February 28,2015,assuming there were no other transactions.
Correct Answer:

Verified
Correct Answer:
Verified
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