As of December 31, 2015, Juneau Company had total cash of $155,000, notes payable of $85,600, and common stock of $52,400.
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Knowledge Check 01 Provided below is summary income statement data for Freedom Corporation. Amount Sales $ 800,000 Cost of goods sold 350,000 Operating expenses 180,000 Other expense 30,000 Income tax expense 20,000 Net income $ 220,000 Using
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