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«E- | - Chapter 1 Graded Assg × |O e chegg Study I Guided Solt | + v eno.mheducation.comhm.tpx?-:0095754081 16779316,1516343279124 The following information applies to the questions displayed below The followng informaston for the nine months ended September 30, 2013 was reported by OpenReservation Inc. 48,000 25,800 99.400 86,000 155,000 Accounts Payable Cosh (balance on January 1, 2013) Cash Obalance on September 30-20, Common Stock DMdends Equipment Income Tax Expense Interest Expense inventory Notes Payable Prepaid Rent Office Expense Retained Earnings (beginning Salaries and Wages Expense Service Revenue Uuliues Expense Salanes and Wages Payable 139,700 0.400 29,800 17,500 26.900 7,300 14,600 7,800 36,000 143800 25,400 11,000 Other cash flow information Cash from issuing common stock Cash paid to reacquire common stock Cash paid for income taxes Cesh paid to purchase long-term assets Cash paid to suppliers and employees Cesh recelved from cusromers 24,000 26.900 1300 55.400 86.800 43,000

Solution

Balance sheet

Cash flow statement

Income statement
Service revenue		143800
Total revenue		143800
Insurance expense
Salaries and wages expense		36000
Utilities expense		25400
Office expense		14600
Interest expense		29800
Income tax expense		10400
Total expenses		116200
net income		27600