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The Assets and Liabilities of S&P Day Spa at December

Question 153

Essay

The assets and liabilities of S&P Day Spa at December 31, 2014 and expenses for the year are listed below. The retained earnings balance was $68,000 at January 1, 2014. Net income for 2014 is $45,625.
The assets and liabilities of S&P Day Spa at December 31, 2014 and expenses for the year are listed below. The retained earnings balance was $68,000 at January 1, 2014. Net income for 2014 is $45,625. Prepare an income statement for the current year ended December 31, 2014.
Prepare an income statement for the current year ended December 31, 2014.

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