Upton Co. was started on 1-1-2011, when the owners invested $160,000 cash in the business. During 2011, the company earned cash revenues of 120,000 and incurred cash expenses of $82,000. The company also paid cash distributions of $15,000.
Required
Prepare a 2011 income statement, capital statement (s...
DATE
Question answered on Jul 22, 2018
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Solution~000542639.zip (18.37 KB)