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(Solved): Q1: Using the Adjusted Trial Balance shown below, how much is: (a) The net income (b) The balance ...


Q1: Using the Adjusted Trial Balance shown below, how much is: (a) The net income (b) The balance of retained earnings at 31/

Q1: Using the Adjusted Trial Balance shown below, how much is: (a) The net income (b) The balance of retained earnings at 31/12/2022


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A B C D 1 1.(a) - 2 The net income $ 50,500 3 Arrived as follows: 4 Income Statement year ended 31/12/2022 5 Revenue Amountin$ 6 Fees Revenue 127,400
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