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Mathematics, 28.04.2021 15:20 adamkinney6110

Kilgore Company experienced the following events during its first accounting period. (1) Borrowed $10,000 cash from a creditor. (2) Earned $5,000 of cash revenue. (3) Paid $2,000 cash to pay off a portion of its note payable. (4) Paid cash dividends amounting to $100. (5) Paid $2,200 cash for operating cash expenses. Based on this information, what is the amount of expense shown on the income statement?

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Kilgore Company experienced the following events during its first accounting period. (1) Borrowed $1...
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