E 2.18 – Stanley and Jones lawn Service Company (S&J)

Intermediate Accounting

Spiceland, Nelson, and Thomas

10th Edition

5
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They give you a bank loan, cash paid and collected and ask you to make an accrual basis income statement

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  • Search Terms: $ $, % (for (ignore (s&j) , . a able about accounts accrual accrued addition, an and annual are at bank bank, basis basis. books borrowed cash collected company company’s customers dated december depreciation determine due during equipment expenses) expenses, financial flow flows following for for: from however, in income information insurance interest is its january jones lawn learn liabilities liabilities: loan local maintains miscellaneous net on one operating paid prepaid prepare prepared principal provide receivable receivable, recently recorded: rent required: requires s&j salaries september service services stanley statement statements supplies taxes.) that the to was were with year. you
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