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1. Jackson Services had the following accounts and balances at December 31: Cash Account Debit Credit $ 20,000 Accounts Recei
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Answer #1

Income statement

Service revenue 20,000
Total revenue 20,000
Expenses :
Utilities expenses 2,000
Salaries expenses 1,200
Total expenses -3,200
Net income $16,800

Net income = $16,800

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